T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Brighton Jones LLC

Brighton Jones LLC trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 22.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,011 shares of the Wireless communications provider’s stock after selling 60,056 shares during the quarter. T-Mobile US accounts for 1.2% of Brighton Jones LLC’s holdings, making the stock its 12th largest holding. Brighton Jones LLC’s holdings in T-Mobile US were worth $36,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of TMUS. Compton Wealth Advisory Group LLC raised its stake in shares of T-Mobile US by 0.4% during the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after buying an additional 56 shares in the last quarter. Anfield Capital Management LLC grew its holdings in shares of T-Mobile US by 18.7% in the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock worth $64,000 after acquiring an additional 57 shares during the period. Capital Advisors Ltd. LLC grew its holdings in T-Mobile US by 22.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after buying an additional 58 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in T-Mobile US by 2.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after buying an additional 64 shares during the last quarter. Finally, Conscious Wealth Investments LLC grew its holdings in T-Mobile US by 0.4% during the 2nd quarter. Conscious Wealth Investments LLC now owns 16,718 shares of the Wireless communications provider’s stock valued at $2,952,000 after buying an additional 66 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of analyst reports. TD Cowen increased their target price on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday. Tigress Financial increased their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Barclays increased their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, KeyCorp increased their price target on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday. Eighteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of “Buy” and a consensus price target of $210.25.

Insider Activity at T-Mobile US

In related news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the transaction, the director now directly owns 670,545,206 shares of the company’s stock, valued at $117,922,079,927.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. The disclosure for this sale can be found here. Insiders sold a total of 706,875 shares of company stock valued at $130,909,198 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $199.64 on Friday. The firm 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 has a 50 day moving average of $191.90 and a 200-day moving average of $176.21. 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 1-year low of $135.82 and a 1-year 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, beating analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 earnings per share. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.18 earnings per share 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.