Reaves W H & Co. Inc. Raises Stake in T-Mobile Us Inc (TMUS)

Reaves W H & Co. Inc. lifted its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 823,090 shares of the Wireless communications provider’s stock after acquiring an additional 25,726 shares during the quarter. T-Mobile Us makes up approximately 1.9% of Reaves W H & Co. Inc.’s holdings, making the stock its 22nd biggest holding. Reaves W H & Co. Inc.’s holdings in T-Mobile Us were worth $56,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its stake in T-Mobile Us by 440.3% in the fourth quarter. CWM LLC now owns 389 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 317 shares in the last quarter. Financial Advocates Investment Management boosted its stake in T-Mobile Us by 42.0% in the fourth quarter. Financial Advocates Investment Management now owns 541 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Sandy Spring Bank acquired a new stake in T-Mobile Us in the first quarter valued at approximately $30,000. PRW Wealth Management LLC acquired a new stake in T-Mobile Us in the fourth quarter valued at approximately $34,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in T-Mobile Us in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 33.72% of the company’s stock.

In other T-Mobile Us news, COO G Michael Sievert sold 4,766 shares of T-Mobile Us stock in a transaction on Monday, March 18th. The shares were sold at an average price of $73.58, for a total value of $350,682.28. Following the completion of the transaction, the chief operating officer now owns 543,391 shares of the company’s stock, valued at $39,982,709.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.

TMUS has been the subject of several recent research reports. Nomura raised their target price on shares of T-Mobile Us from $72.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Royal Bank of Canada reissued a “buy” rating and set a $76.00 target price on shares of T-Mobile Us in a report on Thursday, February 7th. KeyCorp raised their target price on shares of T-Mobile Us from $76.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. HSBC set a $80.00 target price on shares of T-Mobile Us and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, BidaskClub raised shares of T-Mobile Us from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $80.15.

TMUS opened at $75.37 on Monday. T-Mobile Us Inc has a fifty-two week low of $55.23 and a fifty-two week high of $77.13. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.56. The firm has a market capitalization of $64.39 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.21 and a beta of 0.44.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. T-Mobile Us had a net margin of 7.11% and a return on equity of 13.05%. The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that T-Mobile Us Inc will post 4.12 EPS for the current year.

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T-Mobile Us Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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