Wealth Alliance Lowers Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Wealth Alliance reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,608 shares of the Wireless communications provider’s stock after selling 116 shares during the period. Wealth Alliance’s holdings in T-Mobile US were worth $283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WASHINGTON TRUST Co raised its holdings in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 83 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Westside Investment Management Inc. lifted its position in T-Mobile US by 75.8% in the 1st 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 during the 2nd quarter valued at $30,000. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the transaction, the director now owns 670,545,206 shares of the company’s stock, valued at $117,922,079,927.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the sale, the director now owns 1,826,204 shares in the company, valued at approximately $365,441,682.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the transaction, the director now directly owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The disclosure for this sale can be found here. Insiders have sold a total of 706,875 shares of company stock valued at $130,909,198 over the last ninety days. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup upped their price target on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday. KeyCorp increased their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Eighteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Buy” and a consensus target price of $210.25.

T-Mobile US Price Performance

NASDAQ TMUS opened at $199.64 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 12 month low of $135.82 and a 12 month high of $206.30. The stock has a market cap of $233.95 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 0.74 and a beta of 0.51. The company’s 50 day moving average is $191.90 and its two-hundred day moving average is $176.21.

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