First Hawaiian Bank Has $2.85 Million Stock Holdings in T-Mobile US, Inc. $TMUS

by · The Markets Daily

First Hawaiian Bank decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 30.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,684 shares of the Wireless communications provider’s stock after selling 4,778 shares during the period. First Hawaiian Bank’s holdings in T-Mobile US were worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crestwood Advisors Group LLC increased its stake in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after buying an additional 724 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares during the period. Advisor Resource Council acquired a new stake in shares of T-Mobile US in the first quarter valued at about $463,000. Main Street Research LLC increased its stake in shares of T-Mobile US by 1.0% in the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider’s stock valued at $47,448,000 after buying an additional 1,788 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of T-Mobile US in the first quarter valued at about $6,543,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the sale, the chief executive officer owned 358,722 shares of the company’s stock, valued at approximately $91,682,168.76. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the completion of the sale, the director directly owned 635,014,604 shares of the company’s stock, valued at $152,454,306,128.32. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,627,930 shares of company stock valued at $628,713,068 in the last three months. Insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 0.1%

Shares of T-Mobile US stock opened at $241.72 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 52 week low of $195.47 and a 52 week high of $276.49. The stock has a 50 day moving average price of $243.25 and a two-hundred day moving average price of $246.75. The stock has a market capitalization of $272.04 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter last year, the firm posted $2.49 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They issued a “neutral” rating and a $255.00 price target for the company. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price for the company in a research note on Monday, July 7th. KeyCorp reaffirmed an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Finally, Arete Research raised T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.02.

View Our Latest Stock Analysis on T-Mobile US

T-Mobile US Profile

(Free Report)

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.

Further Reading

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