T-Mobile US, Inc. $TMUS Shares Sold by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in T-Mobile US, Inc. by 1.1%, now holding 97,323 shares worth approximately $25.96 million.
• Several institutional investors like Wellington Management and Goldman Sachs increased their holdings in T-Mobile US during the first quarter, signaling confidence in the company's performance.
• T-Mobile US reported a quarterly earnings of $2.84 per share, surpassing analysts' expectations and reflecting a year-over-year revenue increase of 6.9% to $21.13 billion.

IFM Investors Pty Ltd lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 97,323 shares of the Wireless communications provider's stock after selling 1,033 shares during the quarter. IFM Investors Pty Ltd's holdings in T-Mobile US were worth $25,957,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares during the last quarter. Godsey & Gibb Inc. boosted its position in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the 1st quarter valued at about $29,000. TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Adirondack Trust Co. raised its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other news, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction that occurred 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 owned 358,722 shares in the company, valued at $91,682,168.76. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the director owned 635,014,604 shares of the company's stock, valued at $152,454,306,128.32. This trade represents a 0.01% 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 three months. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 0.1%

TMUS traded up $0.33 on Friday, reaching $241.72. The company's stock had a trading volume of 3,085,735 shares, compared to its average volume of 3,832,857. The stock has a 50 day moving average of $243.25 and a two-hundred day moving average of $246.64. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $272.04 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.32 and a beta of 0.61. T-Mobile US, Inc. has a fifty-two week low of $195.47 and a fifty-two week high of $276.49.

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 (EPS) for the quarter, beating 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.49 earnings per share. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TMUS. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Morgan Stanley boosted their price target 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. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted 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 note on Thursday, July 24th. Finally, Bank of America assumed coverage on shares of T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. Three 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. According to MarketBeat.com, T-Mobile US currently has an average 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.