T-Mobile Us Inc (TMUS) Position Decreased by IFP Advisors Inc

IFP Advisors Inc cut its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 32.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,320 shares of the Wireless communications provider’s stock after selling 1,095 shares during the quarter. IFP Advisors Inc’s holdings in T-Mobile Us were worth $163,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TMUS. BlackRock Inc. grew its holdings in T-Mobile Us by 2.2% in the 2nd quarter. BlackRock Inc. now owns 15,091,550 shares of the Wireless communications provider’s stock valued at $901,718,000 after buying an additional 323,027 shares in the last quarter. Morgan Stanley grew its holdings in T-Mobile Us by 44.5% in the 2nd quarter. Morgan Stanley now owns 5,782,115 shares of the Wireless communications provider’s stock valued at $345,483,000 after buying an additional 1,781,530 shares in the last quarter. Paulson & CO. Inc. grew its holdings in T-Mobile Us by 2.7% in the 2nd quarter. Paulson & CO. Inc. now owns 3,902,560 shares of the Wireless communications provider’s stock valued at $233,178,000 after buying an additional 102,560 shares in the last quarter. Northern Trust Corp grew its holdings in T-Mobile Us by 2.5% in the 2nd quarter. Northern Trust Corp now owns 2,585,959 shares of the Wireless communications provider’s stock valued at $154,512,000 after buying an additional 62,311 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in T-Mobile Us by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,494,754 shares of the Wireless communications provider’s stock valued at $149,065,000 after buying an additional 49,781 shares in the last quarter. 32.64% of the stock is currently owned by institutional investors and hedge funds.

TMUS opened at $68.68 on Friday. The firm has a market cap of $58.34 billion, a PE ratio of 29.99, a P/E/G ratio of 2.28 and a beta of 0.39. T-Mobile Us Inc has a 52-week low of $55.09 and a 52-week high of $70.94. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20.

T-Mobile Us (NASDAQ:TMUS) last released its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.08. The company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.73 billion. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. T-Mobile Us’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. Equities analysts forecast that T-Mobile Us Inc will post 3.31 earnings per share for the current year.

In other news, COO G Michael Sievert sold 10,192 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $69.08, for a total transaction of $704,063.36. Following the sale, the chief operating officer now directly owns 442,046 shares of the company’s stock, valued at approximately $30,536,537.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David A. Miller sold 5,000 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $70.00, for a total value of $350,000.00. Following the sale, the executive vice president now directly owns 117,523 shares in the company, valued at $8,226,610. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,814 shares of company stock worth $6,579,495. 0.37% of the stock is currently owned by insiders.

A number of brokerages have commented on TMUS. Guggenheim began coverage on T-Mobile Us in a report on Thursday, November 1st. They issued a “buy” rating on the stock. Moffett Nathanson reaffirmed a “buy” rating on shares of T-Mobile Us in a report on Wednesday, October 31st. Nomura upped their price objective on T-Mobile Us from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. BidaskClub lowered T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Wells Fargo & Co upped their price objective on T-Mobile Us from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. T-Mobile Us has an average rating of “Buy” and a consensus price target of $73.13.

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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 72.6 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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