5,722 Shares in T-Mobile US, Inc. $TMUS Purchased by IAM Advisory LLC

Key Points

• IAM Advisory LLC acquired 5,722 shares of T-Mobile US, valued at approximately $1.36 million, during the second quarter.
• Several institutional investors, including Wellington Management and Goldman Sachs, have also increased their stakes in T-Mobile US, reflecting growing confidence in the company's performance.
• T-Mobile US has received various ratings from analysts, with a recent upgrade from Arete Research to "strong-buy" and a price target increase from Goldman Sachs to $286.

IAM Advisory LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,722 shares of the Wireless communications provider's stock, valued at approximately $1,363,000.

Several other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in T-Mobile US by 1.7% during the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after acquiring an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after acquiring an additional 844,932 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in T-Mobile US by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock worth $1,080,388,000 after acquiring an additional 169,562 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in T-Mobile US by 12.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider's stock worth $856,705,000 after acquiring an additional 423,993 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $241.65, for a total value of $15,568,542.90. Following the sale, the director directly owned 634,885,752 shares in the company, valued at $153,420,141,970.80. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 2,622,516 shares of company stock valued at $628,207,236 in the last quarter. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price objective for the company. KeyCorp reiterated an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $258.02.

T-Mobile US Stock Down 0.8%

TMUS opened at $239.74 on Tuesday. The business's fifty day moving average is $243.29 and its two-hundred day moving average is $246.30. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market cap of $269.81 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.33 and a beta of 0.61. T-Mobile US, Inc. has a one year low of $195.47 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the business earned $2.49 earnings per share. T-Mobile US's quarterly revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS 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.

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