Wolff Wiese Magana LLC Has $139,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Wolff Wiese Magana LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 37.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,033 shares of the Wireless communications provider’s stock after purchasing an additional 281 shares during the quarter. Wolff Wiese Magana LLC’s holdings in T-Mobile US were worth $139,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. HB Wealth Management LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at approximately $338,000. Ritholtz Wealth Management grew its stake in T-Mobile US by 27.1% in the second quarter. Ritholtz Wealth Management now owns 5,628 shares of the Wireless communications provider’s stock valued at $757,000 after purchasing an additional 1,201 shares in the last quarter. IFM Investors Pty Ltd grew its stake in T-Mobile US by 8.1% in the second quarter. IFM Investors Pty Ltd now owns 106,038 shares of the Wireless communications provider’s stock valued at $14,266,000 after purchasing an additional 7,989 shares in the last quarter. Gofen & Glossberg LLC IL grew its stake in T-Mobile US by 13.7% in the second quarter. Gofen & Glossberg LLC IL now owns 26,039 shares of the Wireless communications provider’s stock valued at $3,503,000 after purchasing an additional 3,135 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of T-Mobile US by 12.8% during the 2nd quarter. Raymond James Trust N.A. now owns 8,704 shares of the Wireless communications provider’s stock worth $1,171,000 after acquiring an additional 986 shares during the period. Institutional investors and hedge funds own 45.24% of the company’s stock.

Insider Activity at T-Mobile US

In related news, insider Neville R. Ray sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the sale, the insider now owns 363,902 shares in the company, valued at approximately $52,842,209.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Neville R. Ray sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the sale, the insider now owns 363,902 shares in the company, valued at approximately $52,842,209.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Michael J. Katz sold 22,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $145.06, for a total value of $3,191,320.00. Following the sale, the chief marketing officer now owns 106,077 shares in the company, valued at approximately $15,387,529.62. The disclosure for this sale can be found here. Insiders have sold a total of 101,846 shares of company stock worth $14,808,930 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

T-Mobile US Trading Down 2.7 %

Shares of NASDAQ TMUS traded down $3.59 during trading on Friday, reaching $131.46. The company had a trading volume of 318,906 shares, compared to its average volume of 4,477,574. The company’s fifty day moving average price is $142.09 and its 200-day moving average price is $134.29. T-Mobile US, Inc. has a 12 month low of $101.51 and a 12 month high of $148.04. The stock has a market cap of $164.86 billion, a P/E ratio of 98.58, a PEG ratio of 2.12 and a beta of 0.48. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.05.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TMUS shares. JPMorgan Chase & Co. set a $180.00 target price on T-Mobile US in a research note on Wednesday, June 1st. Moffett Nathanson boosted their price target on T-Mobile US from $165.00 to $174.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Barclays set a $150.00 price target on T-Mobile US in a report on Thursday, July 7th. Scotiabank raised T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $153.00 to $167.00 in a report on Thursday, July 28th. Finally, Wolfe Research initiated coverage on T-Mobile US in a report on Thursday, June 2nd. They set an “outperform” rating and a $159.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.38.

T-Mobile US Profile

(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.

See Also

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

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