Cetera Investment Advisers Raises Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Cetera Investment Advisers increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,170 shares of the Wireless communications provider’s stock after buying an additional 1,038 shares during the period. Cetera Investment Advisers’ holdings in T-Mobile US were worth $21,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TMUS. Rakuten Securities Inc. boosted its position in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $28,000. Financial Life Planners purchased a new position in shares of T-Mobile US in the 4th quarter worth approximately $29,000. Bruce G. Allen Investments LLC raised its stake in shares of T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 73 shares in the last quarter. Finally, Albion Financial Group UT purchased a new stake in T-Mobile US during the fourth quarter valued at approximately $39,000. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TMUS. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Bank of America raised their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada raised 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. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Stock Down 1.5 %

TMUS stock opened at $247.58 on Friday. The firm’s fifty day moving average is $256.74 and its 200 day moving average is $242.39. The firm has a market cap of $281.12 billion, a PE ratio of 25.60, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a one year low of $161.72 and a one year 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.

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 for the quarter, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. T-Mobile US’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.00 EPS. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Company 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.