Morningstar Investment Management LLC Sells 1,291 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Morningstar Investment Management LLC reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,366 shares of the Wireless communications provider’s stock after selling 1,291 shares during the quarter. Morningstar Investment Management LLC’s holdings in T-Mobile US were worth $3,060,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. WASHINGTON TRUST Co lifted its stake in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US in the 4th quarter valued at approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $30,000. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $177.16, for a total transaction of $23,643,950.76. Following the completion of the sale, the director now owns 671,345,972 shares of the company’s stock, valued at $118,935,652,399.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The disclosure for this sale can be found here. Insiders sold 973,797 shares of company stock valued at $178,105,011 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TMUS shares. Wells Fargo & Company raised their target price on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen lifted their price objective on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Benchmark lifted their price objective on T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup lifted their price objective on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Evercore ISI upgraded T-Mobile US to a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $201.44.

T-Mobile US Stock Performance

Shares of TMUS opened at $202.41 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $205.28. The firm has a market capitalization of $236.17 billion, a P/E ratio of 27.54, a PEG ratio of 0.74 and a beta of 0.51. The business has a fifty day moving average of $189.68 and a 200 day moving average of $174.90.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.18 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.