Great Lakes Advisors LLC Sells 14,862 Shares of T-Mobile US, Inc. $TMUS

Great Lakes Advisors LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 17.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 71,753 shares of the Wireless communications provider’s stock after selling 14,862 shares during the period. Great Lakes Advisors LLC’s holdings in T-Mobile US were worth $19,137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock valued at $3,426,407,000 after acquiring an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in T-Mobile US by 14.3% in the first 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 acquiring an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after acquiring an additional 844,932 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in T-Mobile US by 12.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider’s stock valued at $856,705,000 after acquiring an additional 423,993 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in T-Mobile US by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after acquiring an additional 65,394 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TMUS shares. Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Bank of America assumed coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.02.

Insider Activity at T-Mobile US

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

T-Mobile US Stock Performance

Shares of TMUS stock opened at $242.90 on Tuesday. The stock has a market capitalization of $273.36 billion, a P/E ratio of 22.92, a PEG ratio of 1.38 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average is $243.11 and its 200 day moving average is $247.21. T-Mobile US, Inc. has a 12 month low of $193.27 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping 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 business had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the company posted $2.49 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate 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.