Hazlett Burt & Watson Inc. Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Hazlett Burt & Watson Inc. increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 38.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 933 shares of the Wireless communications provider’s stock after acquiring an additional 260 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in T-Mobile US were worth $165,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Norges Bank purchased a new position in T-Mobile US during the 4th quarter valued at about $3,338,708,000. Wellington Management Group LLP grew its holdings in T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after buying an additional 4,241,877 shares in the last quarter. Putnam Investments LLC grew its holdings in T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after buying an additional 1,682,743 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after buying an additional 578,348 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of several recent analyst reports. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price objective for the company. TD Cowen boosted their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Scotiabank boosted their price objective on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 1st. Finally, Benchmark boosted their price objective on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $198.63.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $357,627,872. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,109,766 shares of company stock worth $201,979,808. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $198.54 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $205.28. The stock has a 50 day moving average price of $189.20 and a two-hundred day moving average price of $174.70. The company has a market capitalization of $231.65 billion, a P/E ratio of 27.01, a PEG ratio of 0.72 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Analysts expect that T-Mobile US, Inc. will post 9.18 earnings per share for the current 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.