Integrated Wealth Management Has $685,000 Position in T-Mobile US Inc (TMUS)
Integrated Wealth Management continued to hold its position in T-Mobile US Inc (NASDAQ:TMUS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,826 shares of the company’s stock at the end of the second quarter. Integrated Wealth Management’s holdings in T-Mobile US were worth $685,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Junto Capital Management LP acquired a new stake in shares of T-Mobile US during the first quarter worth $31,310,000. Strs Ohio raised its stake in shares of T-Mobile US by 106.8% in the second quarter. Strs Ohio now owns 799,735 shares of the company’s stock worth $34,604,000 after buying an additional 413,087 shares during the period. Royal Bank of Canada raised its stake in shares of T-Mobile US by 84.5% in the first quarter. Royal Bank of Canada now owns 539,418 shares of the company’s stock worth $20,659,000 after buying an additional 246,987 shares during the period. Geode Capital Management LLC raised its stake in shares of T-Mobile US by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,937,905 shares of the company’s stock worth $74,182,000 after buying an additional 38,059 shares during the period. Finally, Carmignac Gestion raised its stake in shares of T-Mobile US by 1.0% in the second quarter. Carmignac Gestion now owns 5,215,074 shares of the company’s stock worth $225,656,000 after buying an additional 50,700 shares during the period. Hedge funds and other institutional investors own 34.22% of the company’s stock.
T-Mobile US Inc (NASDAQ:TMUS) traded up 0.06% on Wednesday, hitting $47.38. The company’s stock had a trading volume of 2,366,758 shares. T-Mobile US Inc has a 12 month low of $33.23 and a 12 month high of $48.11. The stock has a market cap of $38.98 billion, a PE ratio of 36.45 and a beta of 0.51. The firm has a 50 day moving average of $46.31 and a 200-day moving average of $43.73.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The company earned $9.20 billion during the quarter, compared to analysts’ expectations of $9.03 billion. T-Mobile US had a return on equity of 6.77% and a net margin of 3.36%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. On average, analysts expect that T-Mobile US Inc will post $1.32 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on TMUS. Vetr upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $48.53 target price for the company in a research note on Monday, September 12th. Nomura lowered T-Mobile US from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $44.00 in a research note on Friday, June 24th. Argus restated a “buy” rating and issued a $56.00 target price (up from $49.00) on shares of T-Mobile US in a research note on Thursday, August 4th. Jefferies Group restated a “buy” rating and issued a $55.00 target price on shares of T-Mobile US in a research note on Monday, August 8th. Finally, Robert W. Baird restated a “neutral” rating and issued a $51.00 target price on shares of T-Mobile US in a research note on Sunday, August 21st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.20.
In related news, EVP Neville R. Ray sold 3,969 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $45.01, for a total transaction of $178,644.69. Following the sale, the executive vice president now owns 206,073 shares in the company, valued at approximately $9,275,345.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO J Braxton Carter II sold 59,600 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $46.24, for a total value of $2,755,904.00. Following the sale, the chief financial officer now owns 197,568 shares in the company, valued at approximately $9,135,544.32. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.
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