Michael S. Ryan Inc. Boosts Stock Position in T-Mobile US, Inc. $TMUS

Michael S. Ryan Inc. boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,088 shares of the Wireless communications provider’s stock after purchasing an additional 64 shares during the quarter. Michael S. Ryan Inc.’s holdings in T-Mobile US were worth $259,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Snowden Capital Advisors LLC grew its holdings in shares of T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock worth $1,411,000 after purchasing an additional 40 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in shares of T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 41 shares during the period. Hohimer Wealth Management LLC boosted its stake in shares of T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after buying an additional 41 shares during the period. Journey Strategic Wealth LLC lifted its position in T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after purchasing an additional 41 shares during the period. Finally, Angeles Wealth Management LLC lifted its position in T-Mobile US by 1.2% in the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock valued at $888,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.1%

Shares of TMUS opened at $241.72 on Friday. The firm has a market cap of $272.04 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61. The company’s fifty day moving average is $243.25 and its two-hundred day moving average is $246.75. T-Mobile US, Inc. has a fifty-two week low of $195.47 and a fifty-two week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $2.49 EPS. Analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective for the company. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Finally, Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.02.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 2,627,930 shares of company stock worth $628,713,068. Insiders own 0.37% of the company’s stock.

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.