Total Clarity Wealth Management Inc. Has $248,000 Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Total Clarity Wealth Management Inc. lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,408 shares of the Wireless communications provider’s stock after selling 161 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in T-Mobile US were worth $248,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co raised its stake in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 83 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the second quarter valued at $27,000. Summit Securities Group LLC acquired a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of T-Mobile US in the 2nd quarter worth about $30,000. Finally, Westside Investment Management Inc. lifted its stake in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction on Monday, August 26th. The stock was sold at an average price of $200.11, for a total transaction of $541,497.66. Following the sale, the director now directly owns 1,826,204 shares in the company, valued at $365,441,682.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the transaction, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The disclosure for this sale can be found here. Insiders sold a total of 840,336 shares of company stock valued at $154,461,060 over the last three months. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $205.85 on Tuesday. 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 has a market cap of $240.18 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The stock’s fifty day simple moving average is $190.68 and its two-hundred day simple moving average is $175.62. T-Mobile US, Inc. has a 1-year low of $135.82 and a 1-year high of $206.30.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TMUS. KeyCorp lifted their target price on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday. Citigroup lifted their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Benchmark raised their price target on shares of T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Bank of America lifted their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Morgan Stanley increased their price objective on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Buy” and a consensus target price of $205.69.

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.