Advisors Capital Management LLC Has $37.79 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• Advisors Capital Management LLC increased its holdings in T-Mobile US, Inc. by 1.8%, owning 141,669 shares worth approximately $37.79 million after purchasing an additional 2,573 shares.
• Wall Street analysts have mixed reviews on T-Mobile US, with ratings ranging from "strong-buy" to "sell," and a consensus target price of $258.02.
• T-Mobile US reported quarterly earnings of $2.84 per share, exceeding analyst estimates, with revenue of $21.13 billion, marking a 6.9% increase year-over-year.

Advisors Capital Management LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,669 shares of the Wireless communications provider's stock after purchasing an additional 2,573 shares during the quarter. Advisors Capital Management LLC's holdings in T-Mobile US were worth $37,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Focus Partners Wealth increased 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 worth $2,635,000 after acquiring an additional 808 shares during the last quarter. OMERS ADMINISTRATION Corp increased its position in shares of T-Mobile US by 5.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 21,749 shares of the Wireless communications provider's stock worth $4,801,000 after acquiring an additional 1,029 shares during the last quarter. NorthRock Partners LLC increased its position in shares of T-Mobile US by 76.1% during 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 last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of T-Mobile US by 7.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 182,531 shares of the Wireless communications provider's stock worth $40,708,000 after acquiring an additional 13,402 shares during the last quarter. Finally, Nia Impact Advisors LLC increased its position in shares of T-Mobile US by 0.9% during the fourth quarter. Nia Impact Advisors LLC now owns 11,178 shares of the Wireless communications provider's stock worth $2,467,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total value of $16,767,187.20. Following the completion of the sale, the director directly owned 635,014,604 shares in the company, valued at $152,454,306,128.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO G Michael Sievert sold 22,500 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the sale, the chief executive officer owned 358,722 shares of the company's stock, valued at $91,682,168.76. This trade represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,627,930 shares of company stock valued at $628,713,068 over the last 90 days. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Royal Bank Of Canada boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Three investment 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 data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $0.33 during midday trading on Friday, hitting $241.72. 3,085,735 shares of the company's stock were exchanged, compared to its average volume of 3,832,857. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock's 50 day moving average price is $243.25 and its 200-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, Inc. has a twelve month low of $195.47 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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 firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.49 earnings per share. Equities research analysts anticipate 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.