Menard Financial Group LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Menard Financial Group LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,246 shares of the Wireless communications provider’s stock after buying an additional 581 shares during the quarter. Menard Financial Group LLC’s holdings in T-Mobile US were worth $572,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Aveo Capital Partners LLC lifted its stake in shares of T-Mobile US by 6.5% during the 4th quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock worth $361,000 after purchasing an additional 137 shares during the last quarter. Jump Financial LLC purchased a new position in shares of T-Mobile US in the 4th quarter worth approximately $846,000. Kingsview Wealth Management LLC raised its stake in shares of T-Mobile US by 14.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 4,220 shares of the Wireless communications provider’s stock worth $677,000 after acquiring an additional 528 shares in the last quarter. Great Lakes Advisors LLC lifted its position in T-Mobile US by 140.6% during the fourth quarter. Great Lakes Advisors LLC now owns 21,640 shares of the Wireless communications provider’s stock valued at $3,470,000 after acquiring an additional 12,645 shares during the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in T-Mobile US by 8.4% in the fourth quarter. Level Four Advisory Services LLC now owns 4,555 shares of the Wireless communications provider’s stock valued at $730,000 after acquiring an additional 354 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.2 %

T-Mobile US stock opened at $202.83 on Monday. T-Mobile US, Inc. has a 52 week low of $135.82 and a 52 week high of $205.28. The firm has a market cap of $236.66 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The business’s 50-day moving average price is $190.15 and its 200 day moving average price is $175.32. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping 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 business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the company earned $1.86 EPS. The business’s revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on TMUS. Bank of America increased their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. The Goldman Sachs Group started coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. Benchmark boosted their price target on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Barclays increased their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $201.44.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares in the company, valued at $29,577,154.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now owns 122,687 shares in the company, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 840,336 shares of company stock valued at $154,461,060. Corporate insiders own 0.67% of the company’s stock.

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.