Citizens Financial Group Inc. RI Acquires 5,527 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Citizens Financial Group Inc. RI increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,611 shares of the Wireless communications provider’s stock after buying an additional 5,527 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in T-Mobile US were worth $8,388,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TMUS. Wellington Management Group LLP increased its stake in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after acquiring an additional 4,241,877 shares during the period. Putnam Investments LLC grew its stake in shares of T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares during the period. Vanguard Group Inc. raised its holdings in shares of T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after buying an additional 578,348 shares during the period. Finally, Capital International Investors boosted its stake in T-Mobile US by 27.1% in the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after buying an additional 567,390 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the sale, the director now directly owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The disclosure for this sale can be found here. Insiders have sold 840,336 shares of company stock valued at $154,461,060 in the last three months. 0.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TMUS. Bank of America lifted their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Evercore ISI upgraded T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Finally, Benchmark lifted their price objective on T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $201.44.

T-Mobile US Stock Performance

TMUS stock opened at $202.83 on Monday. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $205.28. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company has a market cap of $236.66 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The business’s fifty day moving average is $190.15 and its 200-day moving average is $175.32.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 9.18 EPS for the current year.

About T-Mobile US

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.