T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 66.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,640 shares of the Wireless communications provider's stock after purchasing an additional 7,042 shares during the quarter. Empowered Funds LLC's holdings in T-Mobile US were worth $3,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after buying an additional 303,582 shares during the period. Blackstone Inc. purchased a new stake in T-Mobile US in the 1st quarter valued at about $48,966,000. International Assets Investment Management LLC boosted its holdings in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock valued at $51,586,000 after purchasing an additional 248,828 shares during the period. Swedbank AB bought a new stake in T-Mobile US during the 1st quarter valued at $38,784,000. Finally, Distillate Capital Partners LLC bought a new position in shares of T-Mobile US during the 2nd quarter worth $41,860,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 1,572 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company's stock, valued at approximately $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 455,338 shares of company stock valued at $95,539,866 over the last quarter. 0.67% of the stock is currently owned by insiders.

T-Mobile US Price Performance

TMUS stock traded down $3.83 during mid-day trading on Tuesday, reaching $233.20. 3,715,570 shares of the company's stock were exchanged, compared to its average volume of 4,429,164. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 12-month low of $147.24 and a 12-month high of $242.43. The stock's 50 day moving average is $217.45 and its 200 day moving average is $193.82. The company has a market cap of $270.63 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping 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 company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. On average, research analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a positive change from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, November 27th. T-Mobile US's payout ratio is 29.65%.

Analyst Ratings Changes

Several research analysts have issued reports on TMUS shares. Oppenheimer increased their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Benchmark boosted their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. UBS Group lifted their price target on T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Scotiabank raised their price objective on T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a research report on Thursday, October 24th. Finally, BNP Paribas upgraded T-Mobile US to a "strong-buy" rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $241.83.

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.