T-Mobile US, Inc. (NASDAQ:TMUS) Stake Raised by Chesapeake Wealth Management

Chesapeake Wealth Management increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,062 shares of the Wireless communications provider’s stock after buying an additional 152 shares during the quarter. Chesapeake Wealth Management’s holdings in T-Mobile US were worth $892,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TMUS. Sei Investments Co. grew its stake in shares of 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 worth $29,574,000 after purchasing an additional 5,552 shares in the last quarter. GSA Capital Partners LLP bought a new position in T-Mobile US in the 1st quarter valued at about $1,908,000. Cardinal Capital Management Inc. acquired a new position in T-Mobile US during the 4th quarter valued at about $29,962,000. CFO4Life Group LLC bought a new stake in shares of T-Mobile US during the 1st quarter worth about $932,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after acquiring an additional 4,253 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction 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 directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the transaction, the director now owns 670,812,128 shares in the company, valued at approximately $119,431,391,269.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $305,183,874.96. The disclosure for this sale can be found here. Insiders have sold a total of 706,875 shares of company stock worth $130,909,198 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on TMUS shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Citigroup upped their price objective on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. Oppenheimer lifted their target price on T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company boosted their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, Scotiabank raised their price objective on shares of T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a research report on Thursday. Eighteen investment analysts have rated the stock with 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 an average rating of “Buy” and an average price target of $211.92.

T-Mobile US Trading Down 0.1 %

Shares of NASDAQ TMUS opened at $199.44 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 one year low of $135.82 and a one year high of $206.30. The business has a 50-day moving average price of $192.29 and a two-hundred day moving average price of $176.46. The firm has a market capitalization of $233.71 billion, a PE ratio of 27.13, a PEG ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results 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 business had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.86 earnings per share. As a group, analysts predict that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal 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.