WBI Investments LLC Purchases Shares of 2,066 T-Mobile US, Inc. $TMUS

WBI Investments LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 2,066 shares of the Wireless communications provider’s stock, valued at approximately $551,000.

Several other institutional investors also recently bought and sold shares of the business. Crestwood Advisors Group LLC grew its stake in shares of T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after buying an additional 724 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares during the period. Advisor Resource Council purchased a new stake in shares of T-Mobile US during the 1st quarter valued at $463,000. Main Street Research LLC boosted its position in T-Mobile US by 1.0% during the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider’s stock worth $47,448,000 after purchasing an additional 1,788 shares during the period. Finally, Sawgrass Asset Management LLC purchased a new stake in T-Mobile US during the 1st quarter worth $6,543,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TMUS. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Morgan Stanley upped 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 report on Thursday, July 24th. Bank of America began coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target for the company. JPMorgan Chase & Co. upped 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 report on Thursday, July 24th. Finally, Royal Bank Of Canada upped their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $258.02.

Insider Activity at T-Mobile US

In other news, CEO G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the transaction, the chief executive officer directly owned 358,722 shares in the company, valued at $91,682,168.76. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,627,930 shares of company stock worth $628,713,068 in the last 90 days. 0.37% of the stock is owned by company insiders.

T-Mobile US Price Performance

TMUS opened at $241.39 on Friday. The firm has a market cap of $271.67 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth 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. The company’s 50-day moving average price is $243.22 and its 200 day moving average price is $246.95. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business earned $2.49 earnings per share. T-Mobile US’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

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.