Empowered Funds LLC Boosts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Empowered Funds LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,617 shares of the Wireless communications provider’s stock after buying an additional 2,977 shares during the quarter. Empowered Funds LLC’s holdings in T-Mobile US were worth $4,551,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TMUS. Brookstone Capital Management purchased a new stake in T-Mobile US during the 3rd quarter valued at about $230,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of T-Mobile US by 1,028.7% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,280 shares of the Wireless communications provider’s stock worth $470,000 after buying an additional 2,078 shares in the last quarter. CX Institutional grew its holdings in shares of T-Mobile US by 21.5% during the third quarter. CX Institutional now owns 30,400 shares of the Wireless communications provider’s stock valued at $6,273,000 after buying an additional 5,378 shares during the last quarter. Iams Wealth Management LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $1,273,000. Finally, Michael S. Ryan Inc. purchased a new position in T-Mobile US in the 3rd quarter worth approximately $212,000. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TMUS. Morgan Stanley assumed coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Benchmark reissued a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a research report on Tuesday, January 28th. UBS Group raised their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Oppenheimer boosted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Price Performance

NASDAQ TMUS opened at $258.70 on Wednesday. The stock has a market cap of $295.37 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 1.44 and a beta of 0.56. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $259.46. The company’s 50 day moving average is $226.18 and its two-hundred day moving average is $216.54. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,100 shares of company stock valued at $747,378. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US 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.