Capital A Wealth Management LLC Invests $270,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Capital A Wealth Management LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,221 shares of the Wireless communications provider’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its holdings in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new position in T-Mobile US during the 4th quarter valued at about $28,000. Financial Life Planners purchased a new position in T-Mobile US during the 4th quarter valued at about $29,000. Pinney & Scofield Inc. purchased a new position in T-Mobile US during the 4th quarter valued at about $39,000. Finally, DT Investment Partners LLC boosted its holdings in T-Mobile US by 58.8% during the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock valued at $42,000 after acquiring an additional 70 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on TMUS shares. Bank of America raised their target price on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Wall Street Zen cut T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Finally, Hsbc Global Res cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $242.88 on Monday. 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, Inc. has a fifty-two week low of $165.37 and a fifty-two week high of $276.49. The firm has a market capitalization of $275.78 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The stock’s 50-day simple moving average is $252.32 and its 200-day simple moving average is $243.77.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion for 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%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 earnings per share. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US 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.