Modern Wealth Management LLC Has $1.05 Million Stake in T-Mobile US, Inc. $TMUS

Key Points

• Modern Wealth Management LLC increased its stake in T-Mobile US by 39.8%, bringing its total holdings to $1.05 million as of the 1st quarter.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, exceeding analysts' expectations of $2.69, alongside a revenue of $21.13 billion.
• Shares of T-Mobile US have a market cap of $272.04 billion and have fluctuated between a twelve-month low of $195.47 and a high of $276.49.

Modern Wealth Management LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 39.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,945 shares of the Wireless communications provider's stock after buying an additional 1,124 shares during the quarter. Modern Wealth Management LLC's holdings in T-Mobile US were worth $1,053,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $60,075,000. Advisors Capital Management LLC boosted its stake in T-Mobile US by 1.8% during the 1st quarter. Advisors Capital Management LLC now owns 141,669 shares of the Wireless communications provider's stock worth $37,785,000 after acquiring an additional 2,573 shares during the last quarter. WBI Investments LLC bought a new position in T-Mobile US during the 1st quarter worth approximately $551,000. Acadian Asset Management LLC boosted its stake in T-Mobile US by 157.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,266,249 shares of the Wireless communications provider's stock worth $337,687,000 after acquiring an additional 773,730 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in T-Mobile US by 3.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,665 shares of the Wireless communications provider's stock worth $2,311,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $241.72 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a twelve month low of $195.47 and a twelve month high of $276.49. The firm's 50 day moving average price is $243.25 and its two-hundred day moving average price is $246.64. The firm has a market cap of $272.04 billion, a P/E ratio of 22.80, a PEG ratio of 1.32 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The business's revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. KeyCorp reissued an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Morgan Stanley lifted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price objective on the stock. Finally, Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Three equities research 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were 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 of the company's stock, valued at $152,454,306,128.32. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 22,500 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 358,722 shares in the company, valued at approximately $91,682,168.76. This represents a 5.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,627,930 shares of company stock worth $628,713,068. 0.37% of the stock is currently owned by insiders.

About T-Mobile US

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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