Wealthspire Advisors LLC Lowers Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Wealthspire Advisors LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 13,926 shares of the Wireless communications provider’s stock after selling 2,070 shares during the period. Wealthspire Advisors LLC’s holdings in T-Mobile US were worth $2,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Compton Wealth Advisory Group LLC lifted its holdings in T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after acquiring an additional 56 shares during the period. Anfield Capital Management LLC boosted its holdings in T-Mobile US by 18.7% during the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 57 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in T-Mobile US by 22.6% during the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after buying an additional 58 shares during the period. Proficio Capital Partners LLC increased its holdings in T-Mobile US by 2.3% in the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after buying an additional 64 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of T-Mobile US by 39.7% during the 2nd quarter. Westside Investment Management Inc. now owns 243 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TMUS. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Citigroup lifted their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Bank of America raised their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Evercore ISI upgraded T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group began coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $201.44.

Insider Activity at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $176.47, for a total value of $23,551,862.67. Following the sale, the director now owns 670,945,589 shares of the company’s stock, valued at $118,401,768,090.83. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 973,797 shares of company stock worth $178,105,011. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 0.2 %

TMUS opened at $202.83 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a market cap of $236.66 billion, a P/E ratio of 27.60, a P/E/G ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 52 week low of $135.82 and a 52 week high of $205.28. The business has a fifty day simple moving average of $190.15 and a 200-day simple moving average of $175.24.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. On average, equities analysts expect that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

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.