Schwab Charles Investment Management Inc. Sells 8,757 Shares of T-Mobile US, Inc. (TMUS)

Schwab Charles Investment Management Inc. decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 634,133 shares of the Wireless communications provider’s stock after selling 8,757 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.08% of T-Mobile US worth $38,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Canada Pension Plan Investment Board lifted its position in T-Mobile US by 1.3% during the second quarter. Canada Pension Plan Investment Board now owns 110,620 shares of the Wireless communications provider’s stock worth $6,706,000 after purchasing an additional 1,400 shares during the period. Trexquant Investment LP lifted its position in T-Mobile US by 651.2% during the second quarter. Trexquant Investment LP now owns 32,300 shares of the Wireless communications provider’s stock worth $1,958,000 after purchasing an additional 28,000 shares during the period. Cigna Investments Inc. New lifted its position in T-Mobile US by 59.8% during the second quarter. Cigna Investments Inc. New now owns 6,475 shares of the Wireless communications provider’s stock worth $393,000 after purchasing an additional 2,423 shares during the period. Global X Management Co. LLC lifted its position in T-Mobile US by 7.6% during the second quarter. Global X Management Co. LLC now owns 8,349 shares of the Wireless communications provider’s stock worth $506,000 after purchasing an additional 587 shares during the period. Finally, Barrett Asset Management LLC bought a new stake in T-Mobile US during the second quarter worth about $110,000. 34.72% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Schwab Charles Investment Management Inc. Sells 8,757 Shares of T-Mobile US, Inc. (TMUS)” was first posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2017/09/12/schwab-charles-investment-management-inc-sells-8757-shares-of-t-mobile-us-inc-tmus.html.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a research report on Friday, June 2nd. Wells Fargo & Company reaffirmed an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Cowen and Company reaffirmed a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a research report on Friday, August 25th. Finally, BidaskClub cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Tuesday. Twelve 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. T-Mobile US presently has an average rating of “Buy” and a consensus price target of $70.06.

T-Mobile US, Inc. (TMUS) opened at 63.03 on Tuesday. The stock has a 50 day moving average price of $63.41 and a 200 day moving average price of $63.86. T-Mobile US, Inc. has a 1-year low of $44.49 and a 1-year high of $68.88. The firm has a market cap of $52.38 billion, a P/E ratio of 26.71 and a beta of 0.47.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.29. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. T-Mobile US’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. On average, analysts anticipate that T-Mobile US, Inc. will post $2.29 EPS for the current year.

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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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.

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

Receive News & Ratings for T-Mobile US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply