T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Richardson Financial Services Inc.

Richardson Financial Services Inc. lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,989 shares of the Wireless communications provider’s stock after selling 1,565 shares during the quarter. Richardson Financial Services Inc.’s holdings in T-Mobile US were worth $879,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Aveo Capital Partners LLC increased its position in shares of T-Mobile US by 6.5% in the 4th quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock worth $361,000 after purchasing an additional 137 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new stake in T-Mobile US during the fourth quarter valued at approximately $207,000. D.A. Davidson & CO. lifted its holdings in T-Mobile US by 15.4% during the 4th quarter. D.A. Davidson & CO. now owns 32,962 shares of the Wireless communications provider’s stock worth $5,285,000 after buying an additional 4,407 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of T-Mobile US by 2.9% in the 4th quarter. Corient Private Wealth LLC now owns 146,304 shares of the Wireless communications provider’s stock worth $23,457,000 after acquiring an additional 4,184 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of T-Mobile US by 32.0% in the 4th quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after acquiring an additional 7,000 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

TMUS stock opened at $196.68 on Thursday. The company has a market capitalization of $230.48 billion, a P/E ratio of 26.76, a PEG ratio of 0.74 and a beta of 0.51. 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 company has a 50-day simple moving average of $191.48 and a 200 day simple moving average of $176.04. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $206.30.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Tigress Financial lifted their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Bank of America increased their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. KeyCorp lifted their target price on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Wells Fargo & Company increased their price target on T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has an average rating of “Buy” and an average target price of $205.69.

Insider Buying and Selling 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 stock was sold at an average price of $176.47, for a total transaction of $23,551,862.67. Following the transaction, the director now directly owns 670,945,589 shares in the company, valued at approximately $118,401,768,090.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 670,945,589 shares in the company, valued at approximately $118,401,768,090.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 840,336 shares of company stock valued at $154,461,060. 0.67% of the stock is owned by corporate insiders.

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.