T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Allstate Corp

Allstate Corp lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 37.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 34,085 shares of the Wireless communications provider’s stock after selling 20,559 shares during the quarter. Allstate Corp’s holdings in T-Mobile US were worth $4,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brinker Capital Investments LLC lifted its holdings in shares of T-Mobile US by 4.7% in the 1st quarter. Brinker Capital Investments LLC now owns 31,149 shares of the Wireless communications provider’s stock valued at $3,998,000 after buying an additional 1,393 shares during the period. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 31.6% in the 1st quarter. Wellington Management Group LLP now owns 7,675,395 shares of the Wireless communications provider’s stock valued at $985,138,000 after buying an additional 1,841,923 shares during the period. Resurgent Financial Advisors LLC acquired a new position in shares of T-Mobile US in the 1st quarter valued at about $218,000. XN LP acquired a new position in shares of T-Mobile US in the 1st quarter valued at about $47,224,000. Finally, Wetherby Asset Management Inc. lifted its holdings in shares of T-Mobile US by 11.0% in the 1st quarter. Wetherby Asset Management Inc. now owns 12,288 shares of the Wireless communications provider’s stock valued at $1,577,000 after buying an additional 1,218 shares during the period. Institutional investors and hedge funds own 45.24% of the company’s stock.

T-Mobile US Trading Up 0.2 %

TMUS opened at $145.70 on Monday. T-Mobile US, Inc. has a one year low of $101.51 and a one year high of $148.04. The stock has a market capitalization of $182.71 billion, a PE ratio of 106.35, a P/E/G ratio of 2.26 and a beta of 0.48. The business’s 50 day moving average price is $141.39 and its 200 day moving average price is $133.43. 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 data on Wednesday, July 27th. The Wireless communications provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $1.02. T-Mobile US had a return on equity of 6.59% and a net margin of 2.14%. The firm had revenue of $19.70 billion for the quarter, compared to analysts’ expectations of $20.08 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 2.23 EPS for the current year.

Insider Activity at T-Mobile US

In related news, insider Neville R. Ray sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $145.21, for a total value of $7,260,500.00. Following the transaction, the insider now directly owns 363,902 shares in the company, valued at $52,842,209.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other T-Mobile US news, insider Neville R. Ray sold 50,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 363,902 shares in the company, valued at $52,842,209.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $146.92, for a total value of $2,938,400.00. Following the transaction, the chief executive officer now owns 634,472 shares in the company, valued at $93,216,626.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,846 shares of company stock worth $14,808,930. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TMUS. TheStreet cut T-Mobile US from a “b” rating to a “c+” rating in a report on Wednesday, July 27th. Cowen boosted their price objective on T-Mobile US from $179.00 to $187.00 in a report on Thursday, July 28th. Tigress Financial boosted their price objective on T-Mobile US from $185.00 to $195.00 in a report on Friday, June 24th. Citigroup lifted their price target on T-Mobile US from $156.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, July 20th. Finally, Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $153.00 to $167.00 in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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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