First National Trust Co. Has $483,000 Position in T-Mobile US Inc (TMUS)

First National Trust Co. reduced its position in shares of T-Mobile US Inc (NASDAQ:TMUS) by 36.1% during the first quarter, Holdings Channel reports. The firm owned 7,474 shares of the Wireless communications provider’s stock after selling 4,214 shares during the period. First National Trust Co.’s holdings in T-Mobile US were worth $483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TMUS. NEXT Financial Group Inc increased its position in shares of T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 1,400 shares during the period. Elkfork Partners LLC purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $172,000. Toronto Dominion Bank increased its position in shares of T-Mobile US by 26.5% in the first quarter. Toronto Dominion Bank now owns 3,156 shares of the Wireless communications provider’s stock worth $204,000 after buying an additional 661 shares during the period. Creative Planning increased its position in shares of T-Mobile US by 25.9% in the first quarter. Creative Planning now owns 3,203 shares of the Wireless communications provider’s stock worth $207,000 after buying an additional 658 shares during the period. Finally, Riverhead Capital Management LLC purchased a new position in shares of T-Mobile US during the third quarter worth approximately $150,000. 33.17% of the stock is owned by institutional investors.

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

T-Mobile US Inc (NASDAQ:TMUS) traded up 0.99% during mid-day trading on Friday, reaching $66.37. 4,974,670 shares of the company’s stock were exchanged. The stock has a market cap of $55.14 billion, a price-to-earnings ratio of 34.09 and a beta of 0.71. T-Mobile US Inc has a 52-week low of $40.50 and a 52-week high of $68.88. The company has a 50-day moving average of $65.31 and a 200-day moving average of $60.28.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, April 24th. The Wireless communications provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.46. T-Mobile US had a net margin of 3.87% and a return on equity of 7.21%. The company had revenue of $9.61 billion during the quarter, compared to analyst estimates of $9.63 billion. During the same period last year, the business earned $0.56 earnings per share. T-Mobile US’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that T-Mobile US Inc will post $2.03 earnings per share for the current year.

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A number of brokerages have recently commented on TMUS. Robert W. Baird lifted their price objective on shares of T-Mobile US from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, April 26th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $70.00 price objective on shares of T-Mobile US in a research report on Thursday, February 23rd. Cowen and Company reissued an “outperform” rating and issued a $70.00 price objective on shares of T-Mobile US in a research report on Monday. Barclays PLC reissued a “buy” rating and issued a $65.00 price objective on shares of T-Mobile US in a research report on Wednesday, February 15th. Finally, Nomura reissued a “hold” rating and issued a $65.00 price objective on shares of T-Mobile US in a research report on Tuesday, April 25th. Ten research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.06.

In other news, insider Thomas Christopher Keys sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $64.17, for a total value of $6,417,000.00. Following the completion of the transaction, the insider now directly owns 372,718 shares in the company, valued at $23,917,314.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

5 Day Chart for NASDAQ:TMUS

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