Transatlantique Private Wealth LLC Acquires 2,591 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Transatlantique Private Wealth LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,644 shares of the Wireless communications provider’s stock after acquiring an additional 2,591 shares during the quarter. T-Mobile US comprises about 1.3% of Transatlantique Private Wealth LLC’s investment portfolio, making the stock its 14th largest holding. Transatlantique Private Wealth LLC’s holdings in T-Mobile US were worth $3,298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. WASHINGTON TRUST Co boosted its holdings in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in T-Mobile US in the second quarter valued at about $27,000. Summit Securities Group LLC bought a new position in T-Mobile US in the second quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US during the second quarter worth about $30,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several research reports. 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 report on Monday, June 10th. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. Tigress Financial upped their target price on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Eighteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $211.92.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US 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 approximately $357,627,872. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the transaction, the director now owns 670,812,128 shares of the company’s stock, valued at approximately $119,431,391,269.12. The disclosure for this sale can be found here. Insiders sold a total of 706,875 shares of company stock valued at $130,909,198 over the last ninety days. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $199.44 on Friday. The stock has a 50-day moving average of $192.29 and a 200-day moving average of $176.46. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $206.30. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The company has a market cap of $233.71 billion, a PE ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts predict that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

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 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.