Hazlett Burt & Watson Inc. Has $165,000 Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Hazlett Burt & Watson Inc. raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 38.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 933 shares of the Wireless communications provider’s stock after purchasing an additional 260 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in T-Mobile US were worth $165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in T-Mobile US by 20.0% during the 2nd quarter. LPL Financial LLC now owns 307,913 shares of the Wireless communications provider’s stock valued at $54,248,000 after purchasing an additional 51,307 shares during the period. Angeles Wealth Management LLC grew its position in shares of T-Mobile US by 53.7% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,210 shares of the Wireless communications provider’s stock worth $566,000 after buying an additional 1,122 shares during the period. MGO One Seven LLC grew its position in shares of T-Mobile US by 120.0% during the 2nd quarter. MGO One Seven LLC now owns 6,131 shares of the Wireless communications provider’s stock worth $1,080,000 after buying an additional 3,344 shares during the period. Coldstream Capital Management Inc. grew its position in shares of T-Mobile US by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 10,338 shares of the Wireless communications provider’s stock worth $1,821,000 after buying an additional 120 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of T-Mobile US by 8.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 126,425 shares of the Wireless communications provider’s stock worth $22,274,000 after buying an additional 9,677 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The disclosure for this sale can be found here. Insiders have sold 1,109,766 shares of company stock worth $201,979,808 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup raised their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Evercore ISI raised shares of T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Scotiabank lifted 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 report on Thursday, August 1st. Finally, Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $198.63.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $198.54 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The stock’s fifty day simple moving average is $189.20 and its two-hundred day simple moving average is $174.70. T-Mobile US, Inc. has a 1-year low of $135.82 and a 1-year high of $205.28. The stock has a market cap of $231.65 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 EPS. As a group, analysts forecast that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

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.