Conscious Wealth Investments LLC Grows Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Conscious Wealth Investments LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,718 shares of the Wireless communications provider’s stock after acquiring an additional 66 shares during the period. T-Mobile US accounts for about 2.1% of Conscious Wealth Investments LLC’s holdings, making the stock its 23rd biggest position. Conscious Wealth Investments LLC’s holdings in T-Mobile US were worth $2,952,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. WASHINGTON TRUST Co increased its position 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 purchasing an additional 83 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the 2nd quarter worth $27,000. Westside Investment Management Inc. raised its position 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 worth $28,000 after buying an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US in the second quarter valued at $30,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.5 %

Shares of NASDAQ:TMUS opened at $205.85 on Tuesday. The firm 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 company has a fifty day simple moving average of $190.68 and a 200 day simple moving average of $175.62. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 12-month low of $135.82 and a 12-month high of $206.30.

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

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. 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. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research reports. Citigroup raised their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 19th. 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 report on Monday, June 10th. 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Evercore ISI raised shares of T-Mobile US to a “hold” rating in a research 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $205.69.

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.