EverSource Wealth Advisors LLC Boosts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

EverSource Wealth Advisors LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 52.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 266 shares of the Wireless communications provider’s stock after acquiring an additional 91 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in T-Mobile US were worth $34,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. Norges Bank purchased a new stake in T-Mobile US during the fourth quarter worth approximately $2,708,912,000. Parnassus Investments LLC purchased a new stake in T-Mobile US during the first quarter worth approximately $717,426,000. Dodge & Cox lifted its stake in T-Mobile US by 29.0% during the fourth quarter. Dodge & Cox now owns 16,463,259 shares of the Wireless communications provider’s stock worth $1,909,409,000 after purchasing an additional 3,701,674 shares during the last quarter. Vanguard Group Inc. lifted its stake in T-Mobile US by 8.2% during the first quarter. Vanguard Group Inc. now owns 47,085,538 shares of the Wireless communications provider’s stock worth $6,043,429,000 after purchasing an additional 3,553,049 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in T-Mobile US by 111.9% during the fourth quarter. Invesco Ltd. now owns 4,352,909 shares of the Wireless communications provider’s stock worth $504,849,000 after purchasing an additional 2,299,016 shares during the last quarter. Hedge funds and other institutional investors own 45.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TMUS shares. Deutsche Bank Aktiengesellschaft boosted their price objective on T-Mobile US from $185.00 to $190.00 in a research note on Tuesday, July 19th. UBS Group set a $177.00 price objective on T-Mobile US in a research note on Monday, June 20th. TheStreet cut T-Mobile US from a “b” rating to a “c+” rating in a research note on Wednesday, July 27th. Tigress Financial boosted their price objective on T-Mobile US from $185.00 to $195.00 in a research note on Friday, June 24th. Finally, Royal Bank of Canada boosted their price objective on T-Mobile US from $152.00 to $158.00 in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.91.

T-Mobile US Price Performance

TMUS stock opened at $139.95 on Monday. The firm has a 50 day moving average of $141.84 and a 200-day moving average of $133.95. The company has a market cap of $175.50 billion, a price-to-earnings ratio of 102.15, a PEG ratio of 2.17 and a beta of 0.48. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.05. T-Mobile US, Inc. has a 12-month low of $101.51 and a 12-month high of $148.04.

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

Insider Transactions at T-Mobile US

In related news, CAO Dara Bazzano sold 1,902 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $143.94, for a total value of $273,773.88. Following the sale, the chief accounting officer now directly owns 11,251 shares in the company, valued at approximately $1,619,468.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Dara Bazzano sold 1,902 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $143.94, for a total value of $273,773.88. Following the sale, the chief accounting officer now directly owns 11,251 shares in the company, valued at approximately $1,619,468.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Callie R. Field sold 6,944 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $144.00, for a total transaction of $999,936.00. Following the completion of the sale, the insider now owns 91,427 shares in the company, valued at $13,165,488. The disclosure for this sale can be found here. Insiders sold 101,846 shares of company stock valued at $14,808,930 in the last 90 days. 0.68% of the stock is currently owned by insiders.

T-Mobile US Company 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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