Empower Advisory Group LLC Boosts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Empower Advisory Group LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 63.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265,783 shares of the Wireless communications provider's stock after purchasing an additional 103,528 shares during the quarter. Empower Advisory Group LLC's holdings in T-Mobile US were worth $58,666,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Stratos Wealth Advisors LLC grew its stake in T-Mobile US by 9.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,835 shares of the Wireless communications provider's stock valued at $379,000 after acquiring an additional 153 shares during the period. Resonant Capital Advisors LLC grew its position in shares of T-Mobile US by 6.4% in the third quarter. Resonant Capital Advisors LLC now owns 1,436 shares of the Wireless communications provider's stock valued at $296,000 after purchasing an additional 87 shares during the period. New Century Financial Group LLC increased its stake in shares of T-Mobile US by 31.1% during the third quarter. New Century Financial Group LLC now owns 1,740 shares of the Wireless communications provider's stock worth $359,000 after purchasing an additional 413 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new stake in shares of T-Mobile US during the third quarter worth about $322,000. Finally, Vest Financial LLC purchased a new position in T-Mobile US in the 3rd quarter valued at about $753,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on TMUS. KeyCorp lowered T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective for the company. in a research note on Thursday, December 12th. Bank of America boosted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Oppenheimer lifted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. TD Cowen increased their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.79.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was 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 of the company's stock, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Letitia A. Long sold 1,100 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares of the company's stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,100 shares of company stock valued at $747,378 in the last 90 days. Company insiders own 0.67% of the company's stock.

T-Mobile US Trading Down 0.1 %

Shares of NASDAQ TMUS traded down $0.23 during trading on Friday, reaching $265.17. The stock had a trading volume of 3,554,246 shares, compared to its average volume of 3,824,914. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market cap of $302.76 billion, a P/E ratio of 27.42, a PEG ratio of 1.53 and a beta of 0.56. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41. The business's 50-day moving average price is $230.98 and its 200-day moving average price is $221.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

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.