NewEdge Advisors LLC Sells 6,556 Shares of T-Mobile US, Inc. $TMUS

NewEdge Advisors LLC lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 215,548 shares of the Wireless communications provider’s stock after selling 6,556 shares during the quarter. NewEdge Advisors LLC’s holdings in T-Mobile US were worth $57,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC boosted its stake in shares of T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 37 shares during the period. Snowden Capital Advisors LLC lifted its position in shares of T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock valued at $1,411,000 after buying an additional 40 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 41 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in shares of T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after acquiring an additional 41 shares in the last quarter. Finally, Journey Strategic Wealth LLC increased its position in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.2%

T-Mobile US stock opened at $252.12 on Friday. The company’s fifty day simple moving average is $242.67 and its 200-day simple moving average is $247.68. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The stock has a market cap of $283.74 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.38 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.49 EPS. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TMUS. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Bank of America began coverage on T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 target price for the company. Arete Research raised T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.02.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the sale, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 2,488,250 shares of company stock valued at $593,252,506 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

About T-Mobile US

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.