T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,427 shares of the Wireless communications provider's stock after selling 2,506 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in T-Mobile US were worth $12,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after acquiring an additional 90,755 shares during the last quarter. Invesco Ltd. increased its position in T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the last quarter. Norges Bank purchased a new stake in T-Mobile US during the fourth quarter valued at $1,802,393,000. Capital International Investors raised 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 purchasing an additional 1,734,998 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position 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 purchasing an additional 2,777,657 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was 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 of the company's stock, valued at approximately $865,533. This represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company's stock.

T-Mobile US Stock Up 0.9%

Shares of NASDAQ:TMUS traded up $2.06 on Friday, reaching $242.88. The company had a trading volume of 4,173,920 shares, compared to its average volume of 4,244,046. The firm has a market capitalization of $275.78 billion, a PE ratio of 25.12, a PEG ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52-week low of $164.21 and a 52-week high of $276.49. The firm's 50 day simple moving average is $252.68 and its 200-day simple moving average is $243.49.

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

Analysts Set New Price Targets

A number of research analysts recently commented on TMUS shares. Royal Bank of Canada increased their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Barclays boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a research note on Friday, March 14th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Company 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.