Alaethes Wealth LLC Purchases 171 Shares of T-Mobile US, Inc. $TMUS

Alaethes Wealth LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,775 shares of the Wireless communications provider’s stock after acquiring an additional 171 shares during the period. T-Mobile US makes up approximately 1.1% of Alaethes Wealth LLC’s investment portfolio, making the stock its 22nd largest position. Alaethes Wealth LLC’s holdings in T-Mobile US were worth $2,874,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TMUS. Focus Partners Wealth boosted its holdings in shares of T-Mobile US by 7.4% during the fourth quarter. Focus Partners Wealth now owns 11,785 shares of the Wireless communications provider’s stock worth $2,635,000 after acquiring an additional 808 shares during the period. Guardian Wealth Advisors LLC NC bought a new stake in shares of T-Mobile US during the fourth quarter worth approximately $252,000. Jefferies Financial Group Inc. boosted its holdings in shares of T-Mobile US by 9.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 37,480 shares of the Wireless communications provider’s stock worth $8,273,000 after acquiring an additional 3,350 shares during the period. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of T-Mobile US during the fourth quarter worth approximately $206,000. Finally, Lionshead Wealth Management LLC bought a new stake in shares of T-Mobile US during the fourth quarter worth approximately $451,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 3.9%

NASDAQ TMUS opened at $242.90 on Tuesday. The business has a fifty day moving average price of $243.11 and a two-hundred day moving average price of $247.21. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a fifty-two week low of $193.27 and a fifty-two week high of $276.49. The stock has a market capitalization of $273.36 billion, a PE ratio of 22.92, a PEG ratio of 1.38 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the company earned $2.49 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $243.47, for a total transaction of $17,003,944.80. Following the completion of the sale, the director directly owned 635,154,284 shares in the company, valued at $154,641,013,525.48. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Sievert sold 22,500 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the sale, the chief executive officer owned 358,722 shares of the company’s stock, valued at $91,682,168.76. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,627,930 shares of company stock valued at $627,921,781 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMUS. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Arete Research raised T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada increased their price target on 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. Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. Finally, Morgan Stanley increased their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.02.

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.