T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Forsta AP Fonden

Forsta AP Fonden reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,700 shares of the Wireless communications provider’s stock after selling 8,000 shares during the period. Forsta AP Fonden’s holdings in T-Mobile US were worth $26,022,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TMUS. Compton Wealth Advisory Group LLC raised its holdings in T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after acquiring an additional 56 shares in the last quarter. Anfield Capital Management LLC raised its holdings in shares of T-Mobile US by 18.7% in the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after purchasing an additional 57 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of T-Mobile US by 22.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after purchasing an additional 58 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of T-Mobile US by 2.3% during the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after purchasing an additional 64 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in T-Mobile US by 39.7% in the second quarter. Westside Investment Management Inc. now owns 243 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 69 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays lifted their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. TD Cowen boosted their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Scotiabank increased their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Evercore ISI upgraded shares of T-Mobile US to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $198.63.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Monday, June 17th. The shares were sold at an average price of $177.16, for a total value of $23,643,950.76. Following the transaction, the director now directly owns 671,345,972 shares in the company, valued at approximately $118,935,652,399.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $177.16, for a total transaction of $23,643,950.76. Following the completion of the sale, the director now directly owns 671,345,972 shares of the company’s stock, valued at approximately $118,935,652,399.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders sold 1,109,766 shares of company stock worth $201,979,808 over the last 90 days. 0.67% of the stock is currently owned by insiders.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $198.54 on Thursday. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $205.28. The stock has a market capitalization of $231.65 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 0.72 and a beta of 0.51. The company has a 50-day simple moving average of $189.20 and a 200-day simple moving average of $174.70. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the prior year, the business earned $1.86 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that T-Mobile US, Inc. will post 9.18 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.