Jones Financial Companies Lllp Cuts Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Jones Financial Companies Lllp significantly reduced its stake in T-Mobile US, Inc. by 74.7%, leaving it with 6,040 shares valued at approximately $1.61 million.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, exceeding analysts' expectations, with a revenue of $21.13 billion for the period.
• CEO G Michael Sievert recently sold 22,500 shares of T-Mobile, reducing his ownership by 5.90% and retaining approximately 358,722 shares valued at over $91 million.

Jones Financial Companies Lllp reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 74.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,040 shares of the Wireless communications provider's stock after selling 17,869 shares during the quarter. Jones Financial Companies Lllp's holdings in T-Mobile US were worth $1,611,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TMUS. Focus Partners Wealth lifted its position in shares of T-Mobile US by 7.4% during the fourth quarter. Focus Partners Wealth now owns 11,785 shares of the Wireless communications provider's stock valued at $2,635,000 after purchasing an additional 808 shares in the last quarter. NorthRock Partners LLC raised its position in T-Mobile US by 76.1% in the fourth quarter. NorthRock Partners LLC now owns 6,635 shares of the Wireless communications provider's stock worth $1,465,000 after acquiring an additional 2,868 shares during the period. ProShare Advisors LLC increased its stake in shares of T-Mobile US by 20.0% in the fourth quarter. ProShare Advisors LLC now owns 1,398,391 shares of the Wireless communications provider's stock worth $308,667,000 after purchasing an additional 232,964 shares in the last quarter. Polar Asset Management Partners Inc. raised its position in shares of T-Mobile US by 144.3% in the fourth quarter. Polar Asset Management Partners Inc. now owns 204,000 shares of the Wireless communications provider's stock valued at $45,029,000 after purchasing an additional 120,500 shares during the period. Finally, Point72 Europe London LLP raised its position in shares of T-Mobile US by 61.3% in the fourth quarter. Point72 Europe London LLP now owns 82,596 shares of the Wireless communications provider's stock valued at $18,231,000 after purchasing an additional 31,396 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

T-Mobile US stock traded down $1.98 during midday trading on Monday, reaching $239.74. 3,062,433 shares of the stock were exchanged, compared to its average volume of 4,295,804. The company's fifty day moving average is $243.25 and its 200-day moving average is $246.51. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a market cap 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 52 week low of $195.47 and a 52 week high of $276.49.

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, topping analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.49 EPS. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $241.65, for a total value of $15,568,542.90. Following the completion of the transaction, the director owned 634,885,752 shares of the company's stock, valued at $153,420,141,970.80. 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 at this hyperlink. Over the last 90 days, insiders have sold 2,622,516 shares of company stock worth $628,207,236. Corporate insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TMUS. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. The Goldman Sachs Group began coverage on shares of 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. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Morgan Stanley boosted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $258.02.

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.