Community Trust & Investment Co. Acquires 1,845 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Community Trust & Investment Co. increased its holdings in T-Mobile US, acquiring an additional 1,845 shares, bringing its total ownership to 66,543 shares valued at approximately $15.86 million.
• T-Mobile US reported $2.84 earnings per share for the last quarter, exceeding analyst estimates by $0.15 and resulting in a revenue increase of 6.9% year-over-year.
• Analysts have positive projections for T-Mobile US, with various firms issuing upgrades and target prices ranging from $255.00 to $286.00, reflecting a consensus rating of "Moderate Buy."

Community Trust & Investment Co. boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,543 shares of the Wireless communications provider's stock after purchasing an additional 1,845 shares during the quarter. Community Trust & Investment Co.'s holdings in T-Mobile US were worth $15,855,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its holdings in T-Mobile US by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 582,680 shares of the Wireless communications provider's stock valued at $140,280,000 after acquiring an additional 23,549 shares in the last quarter. Atticus Wealth Management LLC raised its holdings in shares of T-Mobile US by 119.3% in the 2nd quarter. Atticus Wealth Management LLC now owns 307 shares of the Wireless communications provider's stock worth $73,000 after buying an additional 167 shares in the last quarter. Swedbank AB raised its holdings in shares of T-Mobile US by 4.4% in the 2nd quarter. Swedbank AB now owns 286,034 shares of the Wireless communications provider's stock worth $68,150,000 after buying an additional 12,144 shares in the last quarter. Compton Wealth Advisory Group LLC raised its holdings in shares of T-Mobile US by 2.2% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 16,155 shares of the Wireless communications provider's stock worth $3,849,000 after buying an additional 354 shares in the last quarter. Finally, Signal Advisors Wealth LLC acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $676,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.8%

Shares of TMUS opened at $239.45 on Thursday. The stock has a market capitalization of $269.48 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 1.30 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 52 week low of $195.47 and a 52 week high of $276.49. The stock has a fifty day moving average of $243.47 and a 200-day moving average of $246.20.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) 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 business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the company earned $2.49 EPS. T-Mobile US's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TMUS. Morgan Stanley lifted their target price 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. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. The Goldman Sachs Group started coverage on T-Mobile US in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target on the stock. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.02.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $237.65, for a total transaction of $15,310,838.90. Following the completion of the transaction, the director owned 634,756,900 shares in the company, valued at approximately $150,849,977,285. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 2,681,554 shares of company stock valued at $643,547,016. Company insiders own 0.37% of the company's stock.

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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