Challenger Wealth Management Takes $1.43 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Challenger Wealth Management bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,475 shares of the Wireless communications provider's stock, valued at approximately $1,429,000. T-Mobile US accounts for about 1.2% of Challenger Wealth Management's holdings, making the stock its 21st largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. Tallon Kerry Patrick acquired a new stake in shares of T-Mobile US during the fourth quarter worth $2,138,000. Daymark Wealth Partners LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth $210,000. Mutual Advisors LLC grew its stake in shares of T-Mobile US by 0.8% during the fourth quarter. Mutual Advisors LLC now owns 8,999 shares of the Wireless communications provider's stock worth $1,942,000 after purchasing an additional 71 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of T-Mobile US by 76.3% during the fourth quarter. Avior Wealth Management LLC now owns 3,414 shares of the Wireless communications provider's stock worth $754,000 after purchasing an additional 1,478 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TMUS shares. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Oppenheimer lifted their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Benchmark reiterated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Royal Bank of Canada lifted their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Finally, Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Stock Down 0.8%

Shares of NASDAQ:TMUS traded down $1.85 during midday trading on Wednesday, reaching $241.51. The company had a trading volume of 2,466,679 shares, compared to its average volume of 4,233,444. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business's 50 day moving average price is $251.72 and its 200 day moving average price is $243.82. The stock has a market cap of $274.22 billion, a PE ratio of 24.98, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 1-year low of $167.13 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.00 earnings per share. Research analysts forecast 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.