T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Reduced by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,233 shares of the Wireless communications provider's stock after selling 2,619 shares during the period. Strategic Wealth Partners Ltd.'s holdings in T-Mobile US were worth $1,817,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. raised its holdings in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US during the fourth quarter worth $28,000. Financial Life Planners acquired a new position in shares of T-Mobile US during the 4th quarter valued at about $29,000. Albion Financial Group UT purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $39,000. Finally, DT Investment Partners LLC increased its position in T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMUS has been the subject of several recent analyst reports. Barclays upped their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Royal Bank of Canada upped their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Finally, UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Trading Up 0.0%

Shares of T-Mobile US stock traded up $0.06 during mid-day trading on Thursday, hitting $240.82. 3,199,289 shares of the stock were exchanged, compared to its average volume of 4,244,189. The company has a 50-day simple moving average of $253.07 and a 200 day simple moving average of $243.38. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $273.44 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a twelve month low of $163.26 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. T-Mobile US's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.00 earnings per share. Research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

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.