B. Riley Wealth Advisors Inc. Has $4.79 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

B. Riley Wealth Advisors Inc. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,684 shares of the Wireless communications provider's stock after selling 1,879 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in T-Mobile US were worth $4,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. Norges Bank purchased a new stake in shares of T-Mobile US during the 4th quarter worth about $1,802,393,000. Canada Pension Plan Investment Board raised its position in shares of T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. bought a new position in T-Mobile US during the 4th quarter worth $452,721,000. Capital International Investors grew its stake in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of T-Mobile US by 38.8% in the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after purchasing an additional 968,444 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Up 1.4%

T-Mobile US stock traded up $3.31 during mid-day trading on Friday, hitting $242.61. The company's stock had a trading volume of 8,312,961 shares, compared to its average volume of 4,211,814. The firm's 50 day moving average is $250.72 and its 200 day moving average is $243.85. The company has a market cap of $275.47 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 52-week low of $171.18 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during 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%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.00 EPS. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on TMUS. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Tigress Financial raised their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Oppenheimer raised their target price on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company's stock.

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.