Belpointe Asset Management LLC Has $1.13 Million Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Belpointe Asset Management LLC reduced its holdings in T-Mobile US by 64.7% during the first quarter, now owning 4,256 shares valued at approximately $1.13 million.
• T-Mobile reported earnings of $2.84 per share for the latest quarter, surpassing analyst estimates, with quarterly revenue reaching $21.13 billion, a 6.9% year-over-year increase.
• Institutional investors currently hold 42.49% of T-Mobile's stock, with several firms like Wellington Management and Goldman Sachs increasing their positions in the first quarter.

Belpointe Asset Management LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 64.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,256 shares of the Wireless communications provider's stock after selling 7,799 shares during the quarter. Belpointe Asset Management LLC's holdings in T-Mobile US were worth $1,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in T-Mobile US by 1.7% during the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after buying an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 14.3% during the first 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 during the period. Goldman Sachs Group Inc. boosted its holdings in shares of T-Mobile US by 25.4% during the first 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of T-Mobile US by 4.4% during the first 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of T-Mobile US by 12.3% during the fourth 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 during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Up 0.4%

Shares of TMUS stock opened at $241.39 on Friday. The stock has a 50 day simple moving average of $243.22 and a 200 day simple moving average of $246.95. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1 year low of $195.47 and a 1 year high of $276.49. The stock has a market cap of $271.67 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the prior year, the company earned $2.49 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the completion of the sale, the chief executive officer directly owned 358,722 shares in the company, valued at $91,682,168.76. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total value of $16,767,187.20. Following the sale, the director owned 635,014,604 shares of the company's stock, valued at $152,454,306,128.32. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,627,930 shares of company stock valued at $628,713,068 over the last 90 days. Corporate insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TMUS shares. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research note on Monday, July 7th. Finally, Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

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.

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