Global Wealth Management Investment Advisory Inc. boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,992 shares of the Wireless communications provider’s stock after buying an additional 88 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in T-Mobile US were worth $723,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC grew its stake in T-Mobile US by 42.2% in the 1st quarter. Sowell Financial Services LLC now owns 21,457 shares of the Wireless communications provider’s stock valued at $2,980,000 after purchasing an additional 6,364 shares during the period. D.A. Davidson & CO. grew its position in shares of T-Mobile US by 160.8% in the first quarter. D.A. Davidson & CO. now owns 9,894 shares of the Wireless communications provider’s stock valued at $1,240,000 after purchasing an additional 6,100 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in shares of T-Mobile US in the first quarter valued at approximately $242,000. Pzena Investment Management LLC purchased a new stake in shares of T-Mobile US in the first quarter worth $694,000. Finally, Mariner LLC raised its position in shares of T-Mobile US by 31.7% in the first quarter. Mariner LLC now owns 43,755 shares of the Wireless communications provider’s stock worth $5,482,000 after buying an additional 10,525 shares in the last quarter. 38.99% of the stock is owned by institutional investors and hedge funds.
In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $142.63, for a total value of $2,852,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David A. Miller sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 11th. The shares were sold at an average price of $143.31, for a total transaction of $429,930.00. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 29th. The Wireless communications provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.26. The company had revenue of $19.95 billion during the quarter, compared to the consensus estimate of $19.39 billion. T-Mobile US had a net margin of 4.93% and a return on equity of 7.41%. During the same quarter in the previous year, the firm posted $0.09 earnings per share. On average, analysts expect that T-Mobile US, Inc. will post 2.46 earnings per share for the current year.
Several research firms recently issued reports on TMUS. Morgan Stanley raised their price target on T-Mobile US from $146.00 to $148.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 3rd. Deutsche Bank Aktiengesellschaft upped their price target on T-Mobile US from $188.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, August 2nd. Royal Bank of Canada upgraded T-Mobile US from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $133.00 to $180.00 in a report on Friday, July 30th. DZ Bank assumed coverage on shares of T-Mobile US in a research report on Tuesday, July 20th. They issued a “buy” rating and a $170.00 target price on the stock. Finally, Redburn Partners initiated coverage on T-Mobile US in a research report on Friday, June 25th. They issued a “neutral” rating and a $138.00 price target on the stock. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $162.92.
About T-Mobile US
T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.
See Also: Return on Equity (ROE)
Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS).
Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.