ACG Wealth Acquires New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

ACG Wealth acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) in the second quarter, HoldingsChannel reports. The firm acquired 789 shares of the Wireless communications provider’s stock, valued at approximately $106,000.

A number of other large investors have also added to or reduced their stakes in the business. Core Alternative Capital increased its position in T-Mobile US by 600.0% during the 1st quarter. Core Alternative Capital now owns 203 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 174 shares during the period. Koshinski Asset Management Inc. increased its position in T-Mobile US by 48.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 80 shares during the period. Steward Financial Group LLC acquired a new stake in T-Mobile US during the 1st quarter valued at approximately $32,000. Financial Management Professionals Inc. increased its position in T-Mobile US by 158.8% during the 2nd quarter. Financial Management Professionals Inc. now owns 264 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 162 shares during the period. Finally, San Luis Wealth Advisors LLC acquired a new stake in T-Mobile US during the 1st quarter valued at approximately $31,000. Institutional investors own 45.24% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $135.05 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.05. The stock’s fifty day simple moving average is $142.09 and its two-hundred day simple moving average is $134.29. T-Mobile US, Inc. has a 1-year low of $101.51 and a 1-year high of $148.04. The stock has a market cap of $169.36 billion, a PE ratio of 98.58, a price-to-earnings-growth ratio of 2.17 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUSGet Rating) last released its earnings results on Wednesday, July 27th. The Wireless communications provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $1.02. The company had revenue of $19.70 billion for the quarter, compared to analysts’ expectations of $20.08 billion. T-Mobile US had a return on equity of 6.59% and a net margin of 2.14%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. As a group, analysts forecast that T-Mobile US, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent analyst reports. UBS Group set a $177.00 target price on shares of T-Mobile US in a research report on Monday, June 20th. Citigroup raised their price objective on shares of T-Mobile US from $156.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. Cowen raised their price objective on shares of T-Mobile US from $179.00 to $187.00 in a research report on Thursday, July 28th. Cowen raised their price objective on shares of T-Mobile US from $179.00 to $187.00 in a research report on Thursday, July 28th. Finally, KeyCorp lifted their price target on shares of T-Mobile US from $155.00 to $161.00 and gave the company an “overweight” rating in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.38.

Insider Transactions at T-Mobile US

In other news, insider Callie R. Field sold 6,944 shares of T-Mobile US stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $144.00, for a total transaction of $999,936.00. Following the sale, the insider now directly owns 91,427 shares in the company, valued at approximately $13,165,488. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Callie R. Field sold 6,944 shares of T-Mobile US stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $144.00, for a total value of $999,936.00. Following the completion of the sale, the insider now owns 91,427 shares of the company’s stock, valued at approximately $13,165,488. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Dara Bazzano sold 1,902 shares of T-Mobile US stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $143.94, for a total value of $273,773.88. Following the completion of the sale, the chief accounting officer now directly owns 11,251 shares of the company’s stock, valued at approximately $1,619,468.94. The disclosure for this sale can be found here. Insiders have sold 101,846 shares of company stock worth $14,808,930 in the last ninety days. Company insiders own 0.68% of the company’s stock.

About T-Mobile US

(Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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