Ascent Group LLC Reduces Position in T-Mobile US, Inc. $TMUS

Key Points

• Ascent Group LLC reduced its position in T-Mobile US, Inc. by 15.9%, owning 31,191 shares worth approximately $8.32 million after selling 5,910 shares during the first quarter.
• In related investor activities, Fiduciary Trust Co and Focus Partners Wealth increased their holdings by 6.3% and 7.4%, respectively, in the last quarter, showing continued interest from institutional investors.
• T-Mobile US reported strong quarterly earnings with an EPS of $2.84, exceeding analysts' estimates, and a revenue of $21.13 billion, indicating a 6.9% year-over-year increase.

Ascent Group LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,191 shares of the Wireless communications provider's stock after selling 5,910 shares during the quarter. Ascent Group LLC's holdings in T-Mobile US were worth $8,319,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Fiduciary Trust Co increased its holdings in shares of T-Mobile US by 6.3% in the 4th quarter. Fiduciary Trust Co now owns 9,126 shares of the Wireless communications provider's stock valued at $2,014,000 after acquiring an additional 540 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of T-Mobile US by 7.4% in the 4th quarter. Focus Partners Wealth now owns 11,785 shares of the Wireless communications provider's stock valued at $2,635,000 after acquiring an additional 808 shares during the last quarter. Guardian Wealth Advisors LLC NC bought a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $252,000. KKM Financial LLC bought a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $209,000. Finally, Jefferies Financial Group Inc. increased its holdings in shares of T-Mobile US by 9.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 37,480 shares of the Wireless communications provider's stock valued at $8,273,000 after acquiring an additional 3,350 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 2,488,250 shares of company stock valued at $593,252,506. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TMUS shares. Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Bank of America began coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price for the company. Finally, Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $252.76 on Monday. T-Mobile US, Inc. has a 12-month low of $192.61 and a 12-month high of $276.49. The firm has a market capitalization of $284.46 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The business has a 50 day simple moving average of $243.02 and a 200 day simple moving average of $247.37. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (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 business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the company posted $2.49 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS 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.

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