Fifth Third Wealth Advisors LLC Acquires 1,613 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fifth Third Wealth Advisors LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,686 shares of the Wireless communications provider's stock after purchasing an additional 1,613 shares during the period. Fifth Third Wealth Advisors LLC's holdings in T-Mobile US were worth $4,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in T-Mobile US in the fourth quarter worth about $2,138,000. Perigon Wealth Management LLC lifted its stake in shares of T-Mobile US by 6.3% in the 4th quarter. Perigon Wealth Management LLC now owns 3,636 shares of the Wireless communications provider's stock valued at $785,000 after purchasing an additional 215 shares during the period. Sonora Investment Management Group LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth about $217,000. Heck Capital Advisors LLC bought a new stake in shares of T-Mobile US in the 4th quarter valued at $1,031,000. Finally, Custom Index Systems LLC lifted its stake in T-Mobile US by 3.6% in the 4th quarter. Custom Index Systems LLC now owns 2,184 shares of the Wireless communications provider's stock valued at $482,000 after acquiring an additional 76 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TMUS shares. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Benchmark restated a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a report on Friday, March 14th. Finally, HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded up $3.96 during trading hours on Thursday, hitting $245.92. The stock had a trading volume of 1,049,571 shares, compared to its average volume of 4,161,220. The stock's fifty day simple moving average is $249.38 and its 200 day simple moving average is $243.93. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market capitalization of $279.23 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 1-year low of $171.18 and a 1-year high of $276.49.

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