Empirical Asset Management LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,877 shares of the Wireless communications provider's stock, valued at approximately $3,505,000.
Several other large investors have also recently bought and sold shares of TMUS. KPP Advisory Services LLC boosted its stake in shares of T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider's stock valued at $360,000 after buying an additional 45 shares during the period. DT Investment Partners LLC raised its holdings in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 47 shares in the last quarter. Old North State Trust LLC boosted its position in T-Mobile US by 1.4% during the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider's stock valued at $751,000 after purchasing an additional 50 shares during the last quarter. Davis Investment Partners LLC grew its stake in T-Mobile US by 0.6% in the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider's stock valued at $1,711,000 after purchasing an additional 51 shares in the last quarter. Finally, Barden Capital Management Inc. increased its position in T-Mobile US by 0.8% in the 3rd quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider's stock worth $1,408,000 after purchasing an additional 54 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.
T-Mobile US Stock Performance
T-Mobile US stock traded up $3.22 during mid-day trading on Friday, reaching $218.97. The company had a trading volume of 4,224,613 shares, compared to its average volume of 3,695,229. The company has a 50 day moving average of $229.26 and a 200-day moving average of $209.98. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market cap of $254.11 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. During the same quarter last year, the company earned $1.82 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that T-Mobile US, Inc. will post 9.31 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US's dividend payout ratio is presently 40.14%.
Analyst Ratings Changes
TMUS has been the subject of several recent research reports. Citigroup boosted their price target on T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Royal Bank of Canada downgraded shares of T-Mobile US from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $255.00 to $240.00 in a research report on Monday, January 6th. Daiwa America upgraded shares of T-Mobile US to a "hold" rating in a report on Friday, October 25th. TD Cowen upped their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Benchmark raised their target price on T-Mobile US from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $245.74.
Read Our Latest Stock Analysis on T-Mobile US
Insider Activity at T-Mobile US
In other news, Director Raul Marcelo Claure sold 110,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. This represents a 7.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andre Almeida bought 3,808 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 164,200 shares of company stock worth $37,407,303. 0.67% of the stock is owned by corporate insiders.
About T-Mobile US
(
Free Report)
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.
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