Wealth Enhancement Advisory Services LLC Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Wealth Enhancement Advisory Services LLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 506,591 shares of the Wireless communications provider’s stock after purchasing an additional 306 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in T-Mobile US were worth $104,540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its holdings in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares during the last quarter. International Assets Investment Management LLC lifted its stake in T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares during the last quarter. Swedbank AB boosted its holdings in T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after purchasing an additional 12,411 shares in the last quarter. Passumpsic Savings Bank purchased a new position in T-Mobile US in the third quarter valued at approximately $2,634,000. Finally, Raymond James Trust N.A. raised its holdings in T-Mobile US by 55.2% during the third quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider’s stock worth $7,378,000 after purchasing an additional 12,712 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent analyst reports. Bank of America increased their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Tigress Financial lifted their target price on T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Oppenheimer boosted their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Evercore ISI raised their price target on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, UBS Group boosted their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

Insider Transactions at T-Mobile US

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andre Almeida purchased 3,808 shares of the company’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 206,969 shares of company stock valued at $46,656,527 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded down $5.07 during trading on Friday, reaching $210.45. The company’s stock had a trading volume of 954,647 shares, compared to its average volume of 3,382,712. The business has a 50 day moving average price of $230.65 and a 200-day moving average price of $208.71. The company has a market capitalization of $244.22 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the prior year, the company posted $1.82 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.67%. T-Mobile US’s payout ratio is 40.14%.

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.