Allworth Financial LP Has $1.52 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Allworth Financial LP increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 27.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,298 shares of the Wireless communications provider’s stock after purchasing an additional 2,453 shares during the quarter. Allworth Financial LP’s holdings in T-Mobile US were worth $1,520,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC increased its position in T-Mobile US by 23.0% in the 1st quarter. Cerity Partners LLC now owns 4,510 shares of the Wireless communications provider’s stock valued at $580,000 after acquiring an additional 843 shares during the period. Boston Partners increased its position in T-Mobile US by 64.9% in the 1st quarter. Boston Partners now owns 3,073,010 shares of the Wireless communications provider’s stock valued at $394,862,000 after acquiring an additional 1,209,516 shares during the period. Mount Yale Investment Advisors LLC increased its position in T-Mobile US by 14.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 17,344 shares of the Wireless communications provider’s stock valued at $2,226,000 after acquiring an additional 2,147 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in T-Mobile US by 4.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 19,186 shares of the Wireless communications provider’s stock valued at $2,463,000 after acquiring an additional 824 shares during the period. Finally, Financial Architects Inc acquired a new position in T-Mobile US in the 1st quarter valued at approximately $251,000. 45.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TMUS shares. Wolfe Research started coverage on shares of T-Mobile US in a research report on Thursday, June 2nd. They issued an “outperform” rating and a $159.00 price target for the company. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $153.00 to $167.00 in a research report on Thursday, July 28th. JPMorgan Chase & Co. set a $180.00 price objective on shares of T-Mobile US in a research report on Wednesday, June 1st. Raymond James increased their price objective on shares of T-Mobile US from $175.00 to $178.00 and gave the stock a “strong-buy” rating in a research report on Friday, September 9th. Finally, Cowen increased their price objective on shares of T-Mobile US from $179.00 to $187.00 in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.38.

T-Mobile US Stock Down 1.3 %

Shares of NASDAQ TMUS opened at $135.05 on Friday. T-Mobile US, Inc. has a 12-month low of $101.51 and a 12-month high of $148.04. The firm has a market cap of $169.36 billion, a PE ratio of 98.58, a P/E/G ratio of 2.17 and a beta of 0.48. The company’s fifty day simple moving average is $142.09 and its 200 day simple moving average is $134.29. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.05.

T-Mobile US (NASDAQ:TMUSGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The Wireless communications provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 2.22 earnings per share for the current fiscal 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 firm’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 of the company’s stock, valued at $52,842,209.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Michael J. Katz sold 22,000 shares of the 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 completion of the sale, the chief marketing officer now owns 106,077 shares in the company, valued at $15,387,529.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $7,260,500.00. Following the completion of the sale, the insider now owns 363,902 shares of the company’s stock, valued at approximately $52,842,209.42. The disclosure for this sale can be found here. Over the last three months, 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 Profile

(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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