Beese Fulmer Investment Management Inc. Acquires New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Beese Fulmer Investment Management Inc. purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,676 shares of the Wireless communications provider's stock, valued at approximately $6,315,000.

Other large investors have also recently made changes to their positions in the company. Tallon Kerry Patrick bought a new stake in T-Mobile US during the 4th quarter valued at $2,138,000. Perigon Wealth Management LLC raised its holdings in T-Mobile US by 6.3% during the 4th quarter. Perigon Wealth Management LLC now owns 3,636 shares of the Wireless communications provider's stock valued at $785,000 after buying an additional 215 shares during the last quarter. Synergy Asset Management LLC bought a new stake in T-Mobile US during the 4th quarter valued at $92,000. Mediolanum International Funds Ltd raised its holdings in T-Mobile US by 55.3% during the 4th quarter. Mediolanum International Funds Ltd now owns 135,674 shares of the Wireless communications provider's stock valued at $29,864,000 after buying an additional 48,319 shares during the last quarter. Finally, Cibc World Market Inc. raised its holdings in T-Mobile US by 290.4% during the 4th quarter. Cibc World Market Inc. now owns 191,475 shares of the Wireless communications provider's stock valued at $42,264,000 after buying an additional 142,426 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly 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 document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Eleven investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Up 0.3%

Shares of NASDAQ:TMUS traded up $0.82 during midday trading on Tuesday, reaching $243.88. The company's stock had a trading volume of 3,630,183 shares, compared to its average volume of 4,202,991. The firm has a 50 day moving average of $250.33 and a 200-day moving average of $243.95. The firm has a market capitalization of $276.91 billion, a P/E ratio of 25.22, a PEG ratio of 1.55 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12-month low of $171.18 and a 12-month 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 for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company's revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.00 EPS. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US 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.