Principal Financial Group Inc. decreased its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 689,048 shares of the Wireless communications provider’s stock after selling 22,766 shares during the quarter. Principal Financial Group Inc. owned 0.08% of T-Mobile Us worth $54,035,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of TMUS. AdvisorNet Financial Inc lifted its stake in T-Mobile Us by 165.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 319 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 199 shares in the last quarter. Usca Ria LLC purchased a new position in shares of T-Mobile Us during the 3rd quarter worth $32,000. Cullen Frost Bankers Inc. purchased a new position in shares of T-Mobile Us during the 3rd quarter worth $44,000. Penserra Capital Management LLC grew its holdings in shares of T-Mobile Us by 85.6% during the 3rd quarter. Penserra Capital Management LLC now owns 1,182 shares of the Wireless communications provider’s stock worth $92,000 after purchasing an additional 545 shares during the period. Finally, TFO TDC LLC acquired a new stake in shares of T-Mobile Us during the 4th quarter worth about $95,000. 33.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of TMUS stock traded up $1.02 during trading hours on Friday, hitting $96.16. The stock had a trading volume of 169,112 shares, compared to its average volume of 3,882,283. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.74 and a quick ratio of 0.67. The firm has a market capitalization of $72.44 billion, a PE ratio of 23.84, a PEG ratio of 1.64 and a beta of 0.43. The stock’s 50 day moving average is $80.94 and its 200 day moving average is $79.29. T-Mobile Us Inc has a twelve month low of $68.16 and a twelve month high of $96.27.
TMUS has been the topic of several research analyst reports. BidaskClub upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a report on Tuesday. Argus lifted their price target on shares of T-Mobile Us from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday. Cowen reduced their price target on shares of T-Mobile Us from $93.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada reiterated a “buy” rating and issued a $94.00 target price on shares of T-Mobile Us in a report on Tuesday, October 29th. Finally, HSBC restated a “neutral” rating and set a $86.00 price target on shares of T-Mobile Us in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $94.92.
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.
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