Carnegie Capital Asset Management LLC Sells 1,299 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Carnegie Capital Asset Management LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,981 shares of the Wireless communications provider’s stock after selling 1,299 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in T-Mobile US were worth $1,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of TMUS. Charter Oak Capital Management LLC bought a new stake in T-Mobile US during the 4th quarter valued at approximately $29,000. Wolff Wiese Magana LLC raised its stake in T-Mobile US by 324.3% during the 4th quarter. Wolff Wiese Magana LLC now owns 297 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 227 shares during the period. Moors & Cabot Inc. bought a new stake in T-Mobile US during the 3rd quarter valued at approximately $35,000. Covestor Ltd bought a new stake in T-Mobile US during the 4th quarter valued at approximately $35,000. Finally, Amplius Wealth Advisors LLC bought a new stake in T-Mobile US during the 4th quarter valued at approximately $38,000. 45.24% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. set a $180.00 price objective on T-Mobile US in a research note on Wednesday, June 1st. Moffett Nathanson reduced their price objective on T-Mobile US to $165.00 in a research note on Wednesday, May 25th. Citigroup lifted their price objective on T-Mobile US from $155.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, March 14th. StockNews.com raised T-Mobile US from a “sell” rating to a “hold” rating in a research note on Sunday, May 1st. Finally, Credit Suisse Group set a $188.00 price objective on T-Mobile US in a research note on Monday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.68.

TMUS opened at $133.17 on Thursday. The business has a fifty day moving average of $129.61 and a 200 day moving average of $123.41. T-Mobile US, Inc. has a 52-week low of $101.51 and a 52-week high of $150.20. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The stock has a market cap of $166.37 billion, a P/E ratio of 59.45, a PEG ratio of 1.51 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUSGet Rating) last issued its earnings results on Wednesday, April 27th. The Wireless communications provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.16. The business had revenue of $20.12 billion during the quarter, compared to analyst estimates of $20.14 billion. T-Mobile US had a return on equity of 5.46% and a net margin of 3.49%. T-Mobile US’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 2.95 EPS for the current fiscal year.

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $121.99, for a total transaction of $2,439,800.00. Following the completion of the sale, the chief executive officer now directly owns 674,472 shares of the company’s stock, valued at approximately $82,278,839.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

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.

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