SYSTM Wealth Solutions LLC Sells 3,051 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

SYSTM Wealth Solutions LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 61.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,875 shares of the Wireless communications provider’s stock after selling 3,051 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in T-Mobile US were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. E Fund Management Co. Ltd. lifted its holdings in T-Mobile US by 0.9% during the second quarter. E Fund Management Co. Ltd. now owns 10,798 shares of the Wireless communications provider’s stock worth $1,902,000 after acquiring an additional 99 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of T-Mobile US by 66.9% in the 2nd quarter. Axxcess Wealth Management LLC now owns 9,213 shares of the Wireless communications provider’s stock worth $1,623,000 after buying an additional 3,693 shares during the last quarter. Conscious Wealth Investments LLC boosted its holdings in shares of T-Mobile US by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 16,718 shares of the Wireless communications provider’s stock worth $2,952,000 after buying an additional 66 shares during the last quarter. Moors & Cabot Inc. increased its holdings in T-Mobile US by 108.1% during the second quarter. Moors & Cabot Inc. now owns 3,637 shares of the Wireless communications provider’s stock worth $641,000 after buying an additional 1,889 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in T-Mobile US by 13.1% in the second quarter. Citizens Financial Group Inc. RI now owns 47,611 shares of the Wireless communications provider’s stock worth $8,388,000 after acquiring an additional 5,527 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Friday, June 21st. The shares were sold at an average price of $176.47, for a total transaction of $23,551,862.67. Following the completion of the sale, the director now directly owns 670,945,589 shares of the company’s stock, valued at approximately $118,401,768,090.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $176.47, for a total value of $23,551,862.67. Following the completion of the sale, the director now directly owns 670,945,589 shares of the company’s stock, valued at approximately $118,401,768,090.83. The disclosure for this sale can be found here. Insiders have sold 840,336 shares of company stock valued at $154,461,060 in the last quarter. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Barclays increased their price objective on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Benchmark boosted their target price on T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Evercore ISI upgraded T-Mobile US to a “hold” rating in a research note on Thursday, August 1st. Finally, Tigress Financial boosted their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $205.69.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $196.68 on Thursday. The firm has a market capitalization of $230.48 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 0.74 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a fifty day moving average of $191.48 and a 200 day moving average of $176.04. T-Mobile US, Inc. has a 52-week low of $135.82 and a 52-week high of $206.30.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to analyst estimates 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 was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Company Profile

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.