Total Wealth Planning & Management Inc. Makes New $486,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Total Wealth Planning & Management Inc. bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,202 shares of the Wireless communications provider's stock, valued at approximately $486,000.

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Norges Bank acquired a new stake in shares of T-Mobile US during the fourth quarter worth $1,802,393,000. Canada Pension Plan Investment Board lifted its stake in T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in T-Mobile US during the fourth quarter valued at about $452,721,000. Capital International Investors lifted its stake in T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after buying an additional 1,734,998 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of T-Mobile US by 38.8% in the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after acquiring an additional 968,444 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is owned by insiders.

T-Mobile US Price Performance

Shares of TMUS traded down $2.21 during mid-day trading on Thursday, hitting $239.30. The company's stock had a trading volume of 3,127,368 shares, compared to its average volume of 4,221,301. The firm has a 50-day moving average price of $251.43 and a 200 day moving average price of $243.80. The stock has a market capitalization of $271.71 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a fifty-two week low of $168.47 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the prior year, the company earned $2.00 EPS. The business's quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Analysts Set New Price Targets

TMUS has been the subject of a number of analyst reports. Tigress Financial lifted their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Bank of America boosted their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Barclays upped their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

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.