Mpwm Advisory Solutions LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Mpwm Advisory Solutions LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 317 shares of the Wireless communications provider’s stock, valued at approximately $70,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in T-Mobile US in the fourth quarter worth $1,802,393,000. Canada Pension Plan Investment Board grew its stake in T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares during the period. Raymond James Financial Inc. purchased a new position in T-Mobile US during the 4th quarter valued at about $452,721,000. Capital International Investors lifted its position in T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the period. Finally, Deutsche Bank AG lifted its position in T-Mobile US by 38.8% during the 4th quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider’s stock valued at $764,947,000 after acquiring an additional 968,444 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction that occurred on 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 directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TMUS. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. 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. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Stock Down 1.2%

TMUS opened at $241.21 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average price of $253.37 and a 200-day moving average price of $243.40. T-Mobile US, Inc. has a twelve month low of $163.26 and a twelve month high of $276.49. The stock has a market capitalization of $273.88 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same period in the previous year, the company earned $2.00 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share 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.