Integrated Wealth Concepts LLC Buys 6,834 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Integrated Wealth Concepts LLC increased its T-Mobile US stake by 70.9% in the second quarter, purchasing 6,834 additional shares for a total holding of 16,470 shares valued at approximately $2.76 million. Institutional investors collectively own 42.49% of the company.
• T-Mobile US reported quarterly EPS of $2.99, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion, slightly below expectations.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $252.08, despite several recent target-price reductions.

Integrated Wealth Concepts LLC lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 70.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,470 shares of the Wireless communications provider's stock after buying an additional 6,834 shares during the period. Integrated Wealth Concepts LLC's holdings in T-Mobile US were worth $2,762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Main Street Group LTD acquired a new position in T-Mobile US during the first quarter worth $25,000. Swiss RE Ltd. acquired a new stake in shares of T-Mobile US in the 4th quarter valued at $29,000. Paladin Partners LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $25,000. Sachetta LLC grew its holdings in shares of T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Finally, Dunhill Financial LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $27,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $182.33 on Monday. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $244.24. The company's 50-day moving average price is $181.92 and its two-hundred day moving average price is $191.02. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm has a market cap of $195.58 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.17 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the previous year, the firm posted $2.84 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TMUS shares. Morgan Stanley cut their price target on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, July 7th. Scotiabank decreased their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 15th. KeyCorp cut their target price on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Finally, Wells Fargo & Company cut their target price on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $252.08.

T-Mobile US Company Profile

T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

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