MBB Public Markets I LLC Purchases Shares of 1,238 T-Mobile US, Inc. $TMUS

Key Points

• MBB Public Markets I LLC acquired 1,238 shares of T-Mobile US, Inc., valued at approximately $330,000, signaling institutional interest in the telecommunications provider.
• In its latest quarterly report, T-Mobile US reported an earnings per share (EPS) of $2.84, exceeding estimates of $2.69, alongside a revenue of $21.13 billion, up 6.9% year-over-year.
• Several analysts have increased their price targets for T-Mobile US, with Morgan Stanley raising theirs from $265.00 to $285.00, reflecting positive market sentiment.

MBB Public Markets I LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,238 shares of the Wireless communications provider's stock, valued at approximately $330,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Fiduciary Trust Co grew its holdings in shares of T-Mobile US by 6.3% in the 4th quarter. Fiduciary Trust Co now owns 9,126 shares of the Wireless communications provider's stock valued at $2,014,000 after acquiring an additional 540 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of T-Mobile US by 7.4% in the 4th quarter. Focus Partners Wealth now owns 11,785 shares of the Wireless communications provider's stock valued at $2,635,000 after acquiring an additional 808 shares in the last quarter. Guardian Wealth Advisors LLC NC bought a new position in shares of T-Mobile US in the 4th quarter valued at about $252,000. KKM Financial LLC bought a new position in shares of T-Mobile US in the 4th quarter valued at about $209,000. Finally, Jefferies Financial Group Inc. raised its position in T-Mobile US by 9.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 37,480 shares of the Wireless communications provider's stock worth $8,273,000 after acquiring an additional 3,350 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.3%

TMUS opened at $252.76 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The company has a market capitalization of $284.46 billion, a PE ratio of 23.85, a PEG ratio of 1.38 and a beta of 0.61. The firm's 50 day simple moving average is $243.02 and its two-hundred day simple moving average is $247.37.

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 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.49 EPS. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on TMUS shares. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Morgan Stanley lifted their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada lifted their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Three 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 stock. According to MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

Insider Activity

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $251.12, for a total transaction of $627,800.00. Following the sale, the insider owned 158,703 shares of the company's stock, valued at approximately $39,853,497.36. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $256.44, for a total transaction of $17,909,769.60. Following the transaction, the director owned 635,433,644 shares in the company, valued at approximately $162,950,603,667.36. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,488,250 shares of company stock valued at $593,252,506 in the last 90 days. 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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