Williams Jones Wealth Management LLC. Sells 318 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Williams Jones Wealth Management LLC. trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,501 shares of the Wireless communications provider’s stock after selling 318 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in T-Mobile US were worth $11,231,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in T-Mobile US in the 4th quarter valued at $2,708,912,000. Parnassus Investments LLC bought a new position in T-Mobile US in the 1st quarter worth about $717,426,000. Dodge & Cox raised its holdings in shares of T-Mobile US by 29.0% in the 4th quarter. Dodge & Cox now owns 16,463,259 shares of the Wireless communications provider’s stock valued at $1,909,409,000 after acquiring an additional 3,701,674 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of T-Mobile US by 8.2% in the 1st quarter. Vanguard Group Inc. now owns 47,085,538 shares of the Wireless communications provider’s stock valued at $6,043,429,000 after acquiring an additional 3,553,049 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of T-Mobile US by 111.9% during the 4th quarter. Invesco Ltd. now owns 4,352,909 shares of the Wireless communications provider’s stock valued at $504,849,000 after acquiring an additional 2,299,016 shares during the last quarter. Hedge funds and other institutional investors own 45.24% of the company’s stock.

Insider Activity

In related news, insider Neville R. Ray sold 50,000 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $145.21, for a total value of $7,260,500.00. Following the completion of the transaction, the insider now directly owns 363,902 shares of the company’s stock, valued at $52,842,209.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Neville R. Ray sold 50,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the sale, the insider now directly owns 363,902 shares in the company, valued at $52,842,209.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Michael J. Katz sold 22,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $145.06, for a total value of $3,191,320.00. Following the completion of the sale, the chief marketing officer now directly owns 106,077 shares in the company, valued at $15,387,529.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,846 shares of company stock valued at $14,808,930. Corporate insiders own 0.68% of the company’s stock.

T-Mobile US Trading Up 0.2 %

NASDAQ TMUS opened at $145.70 on Friday. The stock has a market cap of $182.71 billion, a P/E ratio of 106.35, a price-to-earnings-growth ratio of 2.29 and a beta of 0.48. T-Mobile US, Inc. has a fifty-two week low of $101.51 and a fifty-two week high of $148.04. The stock has a 50 day simple moving average of $141.39 and a two-hundred day simple moving average of $133.36. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.74 and a current ratio of 0.85.

T-Mobile US (NASDAQ:TMUSGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The Wireless communications provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $1.02. The business had revenue of $19.70 billion for the quarter, compared to analysts’ expectations of $20.08 billion. T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 earnings per share. On average, analysts forecast that T-Mobile US, Inc. will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $180.00 target price on shares of T-Mobile US in a research note on Wednesday, June 1st. TheStreet cut T-Mobile US from a “b” rating to a “c+” rating in a research note on Wednesday, July 27th. Royal Bank of Canada lifted their price target on T-Mobile US from $152.00 to $158.00 in a research note on Thursday, July 14th. Wolfe Research began coverage on T-Mobile US in a research report on Thursday, June 2nd. They set an “outperform” rating and a $159.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $185.00 to $190.00 in a research report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $169.91.

About T-Mobile US

(Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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

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