Pinney & Scofield Inc. Purchases New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Pinney & Scofield Inc. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 175 shares of the Wireless communications provider’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. raised its holdings in T-Mobile US by 75.1% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 18,939 shares of the Wireless communications provider’s stock valued at $4,180,000 after acquiring an additional 8,120 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in T-Mobile US in the 4th quarter valued at about $1,935,000. Sunbelt Securities Inc. raised its holdings in T-Mobile US by 19.3% in the 4th quarter. Sunbelt Securities Inc. now owns 969 shares of the Wireless communications provider’s stock valued at $214,000 after acquiring an additional 157 shares during the last quarter. Vise Technologies Inc. raised its holdings in T-Mobile US by 30.8% in the 4th quarter. Vise Technologies Inc. now owns 11,615 shares of the Wireless communications provider’s stock valued at $2,564,000 after acquiring an additional 2,732 shares during the last quarter. Finally, Cornerstone Advisory LLC acquired a new stake in T-Mobile US in the 4th quarter valued at about $180,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.9%

T-Mobile US stock opened at $242.88 on Friday. T-Mobile US, Inc. has a fifty-two week low of $164.76 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a 50 day moving average price of $252.32 and a 200 day moving average price of $243.60. The company has a market capitalization of $275.78 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69.

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

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 filing with the SEC, which is available at this link. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TMUS has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a report on Wednesday, March 5th. Oppenheimer raised their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

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.