Empower Advisory Group LLC Grows Stake in T-Mobile US, Inc. $TMUS

Empower Advisory Group LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 309,419 shares of the Wireless communications provider’s stock after purchasing an additional 16,878 shares during the period. Empower Advisory Group LLC’s holdings in T-Mobile US were worth $73,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. Allworth Financial LP grew its holdings in shares of T-Mobile US by 14.2% during the 2nd quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after purchasing an additional 810 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in T-Mobile US in the second quarter valued at about $284,000. Crestwood Advisors Group LLC lifted its position in T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after buying an additional 724 shares during the last quarter. Berkshire Bank boosted its stake in T-Mobile US by 12.5% during the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after buying an additional 1,400 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of T-Mobile US by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock valued at $255,187,000 after acquiring an additional 8,227 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.7%

TMUS opened at $216.08 on Friday. T-Mobile US, Inc. has a 12 month low of $199.41 and a 12 month high of $276.49. The stock has a market capitalization of $241.69 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The business has a fifty day moving average price of $226.40 and a 200 day moving average price of $235.89.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s payout ratio is presently 39.23%.

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Benchmark increased their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Zacks Research lowered T-Mobile US from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Raymond James Financial raised T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Williams Trading set a $263.00 target price on T-Mobile US in a research report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $266.83.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the sale, the director directly owned 635,014,604 shares in the company, valued at approximately $152,454,306,128.32. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 1,971,041 shares of company stock worth $470,946,486. Insiders own 0.37% of the company’s stock.

About T-Mobile US

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.