Axxcess Wealth Management LLC Grows Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Axxcess Wealth Management LLC lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 66.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,213 shares of the Wireless communications provider’s stock after purchasing an additional 3,693 shares during the quarter. Axxcess Wealth Management LLC’s holdings in T-Mobile US were worth $1,623,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. WASHINGTON TRUST Co raised its stake in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US during the second quarter valued at approximately $27,000. Westside Investment Management Inc. raised its holdings in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in T-Mobile US in the second quarter worth $30,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TMUS. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Bank of America lifted their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Wells Fargo & Company raised their target price on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Scotiabank upped their price target on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $205.69.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $178.04, for a total value of $23,761,396.44. Following the completion of the sale, the director now directly owns 670,812,128 shares of the company’s stock, valued at approximately $119,431,391,269.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the transaction, the insider now owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 840,336 shares of company stock valued at $154,461,060. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $196.68 on Thursday. T-Mobile US, Inc. has a 52-week low of $135.82 and a 52-week high of $206.30. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average price is $191.48 and its 200-day moving average price is $176.04. The company has a market cap of $230.48 billion, a PE ratio of 26.76, a PEG ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 earnings per share. As a group, analysts anticipate that T-Mobile US, Inc. will post 9.18 EPS for the current year.

About T-Mobile US

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.