Federated Hermes Inc. Has $4.87 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Federated Hermes Inc. decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 74.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,639 shares of the Wireless communications provider’s stock after selling 79,865 shares during the period. Federated Hermes Inc.’s holdings in T-Mobile US were worth $4,869,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TMUS. WASHINGTON TRUST Co lifted its holdings in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Summit Securities Group LLC bought a new position in T-Mobile US in the 2nd quarter valued at approximately $27,000. Y.D. More Investments Ltd acquired a new stake in T-Mobile US in the second quarter valued at approximately $27,000. Westside Investment Management Inc. grew its stake in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of T-Mobile US during the second quarter worth $30,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction on 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 $6,761,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 840,336 shares of company stock valued at $154,461,060. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Down 3.0 %

Shares of NASDAQ TMUS opened at $196.68 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The company has a 50-day moving average price of $191.48 and a 200-day moving average price of $176.04. The stock has a market capitalization of $230.48 billion, a P/E ratio of 26.76, a P/E/G ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $135.82 and a 1 year high of $206.30.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Benchmark boosted their price objective on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report 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. TD Cowen increased their price target on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Scotiabank lifted their price objective on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has a consensus rating of “Buy” and a consensus target price of $205.69.

T-Mobile US 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 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.