Clarus Wealth Advisors Makes New $261,000 Investment in T-Mobile US, Inc. $TMUS

Key Points

• Clarus Wealth Advisors made a new investment in T-Mobile US, acquiring 1,108 shares valued at approximately $261,000 during the second quarter.
• Several significant increases in stakes have been reported among other institutional investors, with Canada Pension Plan Investment Board raising its holdings by 14.3%, bringing its total to approximately $1.84 billion.
• T-Mobile US reported earnings of $2.84 per share, exceeding analysts' expectations, and its quarterly revenue reached $21.13 billion, showing a 6.9% year-over-year increase.

Clarus Wealth Advisors acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,108 shares of the Wireless communications provider's stock, valued at approximately $261,000.

A number of other hedge funds also recently made changes to their positions in TMUS. GAMMA Investing LLC raised its stake in shares of T-Mobile US by 29,289.4% during the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after purchasing an additional 3,043,173 shares during the period. Nuveen LLC bought a new stake in shares of T-Mobile US during the 1st quarter worth $618,248,000. Canada Pension Plan Investment Board raised its stake in shares of T-Mobile US by 14.3% during the 1st 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 purchasing an additional 864,030 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after purchasing an additional 844,932 shares during the period. Finally, Amundi raised its stake in shares of T-Mobile US by 34.4% during the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock worth $851,066,000 after purchasing an additional 813,331 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 2,622,516 shares of company stock worth $628,207,236. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Down 0.8%

TMUS stock opened at $239.74 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $269.81 billion, a PE ratio of 22.62, a PEG ratio of 1.33 and a beta of 0.61. T-Mobile US, Inc. has a twelve month low of $195.47 and a twelve month high of $276.49. The stock has a 50-day simple moving average of $243.29 and a two-hundred day simple moving average of $246.30.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 EPS. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TMUS shares. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. Morgan Stanley boosted their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $258.02.

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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