T-Mobile US, Inc. $TMUS Shares Bought by Signature Estate & Investment Advisors LLC

Key Points

• Signature Estate & Investment Advisors LLC increased its stake in T-Mobile US by 113.7% in the first quarter, now holding approximately 26,720 shares valued at $7.13 million.
• T-Mobile US reported $2.84 earnings per share for the latest quarter, exceeding analyst estimates and marking a 6.9% annual revenue growth with total revenue of $21.13 billion.
• Insiders have sold over 2.48 million shares of T-Mobile US worth approximately $593 million in the past three months, with company insiders now owning only 0.37% of the stock.

Signature Estate & Investment Advisors LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 113.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,720 shares of the Wireless communications provider's stock after purchasing an additional 14,218 shares during the quarter. Signature Estate & Investment Advisors LLC's holdings in T-Mobile US were worth $7,126,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Snowden Capital Advisors LLC boosted its position in T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after purchasing an additional 40 shares during the period. Financial Management Professionals Inc. raised its holdings in shares of T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 41 shares during the period. Hohimer Wealth Management LLC lifted its stake in T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after acquiring an additional 41 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after purchasing an additional 41 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its stake in shares of T-Mobile US by 1.2% in the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock valued at $888,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $252.76 on Monday. The stock has a market cap of $284.46 billion, a P/E ratio of 23.85, a PEG ratio of 1.38 and a beta of 0.61. 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 12-month low of $192.61 and a 12-month high of $276.49. The company has a 50-day moving average price of $243.02 and a 200 day moving average price of $247.37.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data 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. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the company earned $2.49 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 2,488,250 shares of company stock worth $593,252,506. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research reports. Royal Bank Of Canada increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. The Goldman Sachs Group began coverage on T-Mobile US in a report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 target price on the stock. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. KeyCorp restated an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target 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.

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