Comerica Bank Acquires 2,097 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Comerica Bank lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,002 shares of the Wireless communications provider’s stock after buying an additional 2,097 shares during the period. Comerica Bank’s holdings in T-Mobile US were worth $3,315,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TMUS. Proficio Capital Partners LLC raised its stake in shares of T-Mobile US by 23.8% during the 1st quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 306 shares in the last quarter. Barrett Asset Management LLC purchased a new position in shares of T-Mobile US during the 2nd quarter worth approximately $110,000. Fifth Third Bancorp raised its stake in shares of T-Mobile US by 64.8% during the 1st quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after buying an additional 680 shares in the last quarter. Smithfield Trust Co. raised its stake in shares of T-Mobile US by 1,513.6% during the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after buying an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. purchased a new position in shares of T-Mobile US during the 2nd quarter worth approximately $116,000. 34.72% of the stock is owned by institutional investors and hedge funds.

T-Mobile US, Inc. (TMUS) remained flat at $61.17 during midday trading on Friday. The company’s stock had a trading volume of 5,597,554 shares. The firm has a market capitalization of $50.84 billion, a PE ratio of 25.92 and a beta of 0.47. T-Mobile US, Inc. has a 12-month low of $44.49 and a 12-month high of $68.88. The stock has a 50 day moving average of $63.38 and a 200 day moving average of $63.83.

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

TMUS has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) raised T-Mobile US from a “buy” rating to a “conviction-buy” rating and cut their target price for the stock from $81.00 to $65.72 in a research note on Friday, May 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research note on Friday, June 2nd. Drexel Hamilton assumed coverage on T-Mobile US in a research note on Thursday, June 8th. They issued a “buy” rating and a $80.00 price objective for the company. BidaskClub downgraded T-Mobile US from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $69.00 price objective on shares of T-Mobile US in a research note on Friday, June 23rd. Twelve investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $70.15.

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About T-Mobile US

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)

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