Fox Hill Wealth Management Takes Position in T-Mobile US, Inc. $TMUS

Key Points

• Fox Hill Wealth Management has acquired a new stake in T-Mobile US, investing approximately $2.6 million for 10,924 shares, making it 1.3% of their portfolio.
• T-Mobile's CEO, G Michael Sievert, sold 22,500 shares of stock valued at about $5.75 million, while other insiders also divested significant amounts in recent months.
• Analysts are mostly bullish on T-Mobile US, with a consensus price target of $258.02 and ratings ranging from Strong Buy to Hold, signaling optimism about the company's future performance.

Fox Hill Wealth Management purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,924 shares of the Wireless communications provider's stock, valued at approximately $2,603,000. T-Mobile US comprises 1.3% of Fox Hill Wealth Management's portfolio, making the stock its 21st biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Activest Wealth Management increased its stake in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 94 shares during the last quarter. Godsey & Gibb Inc. grew its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US in the 1st quarter valued at approximately $29,000. TCTC Holdings LLC grew its position in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the period. Finally, City Holding Co. grew its position in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer owned 358,722 shares in the company, valued at $91,682,168.76. This represents a 5.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $152,454,306,128.32. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,627,930 shares of company stock worth $628,713,068. Company insiders own 0.37% of the company's stock.

T-Mobile US Trading Up 0.1%

Shares of T-Mobile US stock opened at $241.72 on Friday. T-Mobile US, Inc. has a 12-month low of $195.47 and a 12-month high of $276.49. The stock has a market cap of $272.04 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.32 and a beta of 0.61. 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 business's 50 day moving average is $243.25 and its 200-day moving average is $246.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the prior year, the business posted $2.49 EPS. The business's revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TMUS shares. 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 objective for the company. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada upped their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Finally, Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US Company 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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