ACG Wealth Purchases New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

ACG Wealth acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 789 shares of the Wireless communications provider’s stock, valued at approximately $106,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Core Alternative Capital increased its position in T-Mobile US by 600.0% in the 1st quarter. Core Alternative Capital now owns 203 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 174 shares in the last quarter. Koshinski Asset Management Inc. grew its position in shares of T-Mobile US by 48.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 80 shares during the period. San Luis Wealth Advisors LLC acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $31,000. Steward Financial Group LLC acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $32,000. Finally, Tcwp LLC acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 45.24% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $135.05 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.05. The firm’s fifty day moving average price is $142.09 and its two-hundred day moving average price is $134.29. T-Mobile US, Inc. has a 1 year low of $101.51 and a 1 year high of $148.04. The firm has a market capitalization of $169.36 billion, a P/E ratio of 98.58, a price-to-earnings-growth ratio of 2.17 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUSGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The Wireless communications provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $1.02. T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The firm had revenue of $19.70 billion for the quarter, compared to analyst estimates of $20.08 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, research analysts anticipate that T-Mobile US, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling at T-Mobile US

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 shares were 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 filing with the SEC, which is available through the SEC website. In related news, CMO Michael J. Katz sold 22,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $145.06, for a total value of $3,191,320.00. Following the transaction, the chief marketing officer now directly owns 106,077 shares in the company, valued at $15,387,529.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Neville R. Ray sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the completion of the transaction, the insider now owns 363,902 shares in the company, valued at $52,842,209.42. The disclosure for this sale can be found here. Insiders have sold a total of 101,846 shares of company stock worth $14,808,930 over the last ninety days. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several analyst reports. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $153.00 to $167.00 in a research report on Thursday, July 28th. Moffett Nathanson boosted their price objective on shares of T-Mobile US from $165.00 to $174.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Cowen boosted their price objective on shares of T-Mobile US from $179.00 to $187.00 in a report on Thursday, July 28th. Cowen boosted their price objective on shares of T-Mobile US from $179.00 to $187.00 in a report on Thursday, July 28th. Finally, Raymond James lifted their price target on shares of T-Mobile US from $175.00 to $178.00 and gave the company a “strong-buy” rating in a research note on Friday, September 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.38.

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.

Featured Articles

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

Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.