Mpwm Advisory Solutions LLC Takes $70,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Mpwm Advisory Solutions LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 317 shares of the Wireless communications provider’s stock, valued at approximately $70,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TMUS. Rakuten Securities Inc. increased its holdings in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the 4th quarter worth approximately $28,000. Financial Life Planners bought a new stake in T-Mobile US during the 4th quarter worth approximately $29,000. Albion Financial Group UT bought a new stake in T-Mobile US during the 4th quarter worth approximately $39,000. Finally, DT Investment Partners LLC increased its holdings in T-Mobile US by 58.8% during the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock worth $42,000 after acquiring an additional 70 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Benchmark reissued a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Barclays increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Finally, Tigress Financial increased their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $241.21 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 52 week low of $163.26 and a 52 week high of $276.49. The firm’s fifty day moving average is $253.37 and its 200 day moving average is $243.40. The firm has a market cap of $273.88 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 EPS. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US 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.