Benjamin F. Edwards & Company Inc. Grows Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Benjamin F. Edwards & Company Inc. raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,090 shares of the Wireless communications provider’s stock after buying an additional 2,565 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in T-Mobile US were worth $26,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sei Investments Co. boosted its holdings in T-Mobile US by 3.1% in the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after purchasing an additional 5,552 shares during the period. GSA Capital Partners LLP purchased a new position in T-Mobile US in the first quarter valued at $1,908,000. Cardinal Capital Management Inc. purchased a new position in T-Mobile US in the fourth quarter valued at $29,962,000. CFO4Life Group LLC acquired a new stake in T-Mobile US in the first quarter valued at $932,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in T-Mobile US by 26.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after buying an additional 4,253 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TMUS shares. Morgan Stanley raised their price target on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research note on Monday. Scotiabank boosted their price target on T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a research report on Thursday. Barclays boosted their price target on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer boosted their price target on T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Evercore ISI boosted their price target on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday. Eighteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $210.25.

T-Mobile US Trading Up 1.5 %

Shares of T-Mobile US stock opened at $199.64 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a 1 year low of $135.82 and a 1 year high of $206.30. The company has a market capitalization of $233.95 billion, a P/E ratio of 27.16, a P/E/G ratio of 0.74 and a beta of 0.51. The business has a 50 day moving average price of $191.90 and a 200 day moving average price of $176.21.

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, beating the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $1.86 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $178.04, for a total value of $23,761,396.44. Following the completion of the transaction, the director now directly owns 670,812,128 shares in the company, valued at approximately $119,431,391,269.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $178.04, for a total value of $23,761,396.44. Following the sale, the director now owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The disclosure for this sale can be found here. In the last three months, insiders sold 706,875 shares of company stock worth $130,909,198. Insiders own 0.67% of the company’s stock.

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.