Wealth Enhancement Advisory Services LLC Raises Position in T-Mobile US, Inc. $TMUS

Wealth Enhancement Advisory Services LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 595,848 shares of the Wireless communications provider’s stock after acquiring an additional 13,168 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in T-Mobile US were worth $135,663,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC purchased a new stake in shares of T-Mobile US during the second quarter worth approximately $284,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in T-Mobile US during the 2nd quarter worth $49,000. UMB Bank n.a. grew its holdings in shares of T-Mobile US by 6.8% during the second quarter. UMB Bank n.a. now owns 26,422 shares of the Wireless communications provider’s stock worth $6,295,000 after buying an additional 1,679 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of T-Mobile US by 72.3% during the second quarter. Farther Finance Advisors LLC now owns 8,818 shares of the Wireless communications provider’s stock worth $2,101,000 after buying an additional 3,701 shares in the last quarter. Finally, Orrstown Financial Services Inc. raised its position in shares of T-Mobile US by 6.6% in the second quarter. Orrstown Financial Services Inc. now owns 5,253 shares of the Wireless communications provider’s stock valued at $1,252,000 after buying an additional 327 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 2.3%

TMUS opened at $186.32 on Monday. The stock has a market capitalization of $208.40 billion, a PE ratio of 17.92, a P/E/G ratio of 1.02 and a beta of 0.45. T-Mobile US, Inc. has a one year low of $185.18 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The business’s 50 day moving average price is $202.79 and its 200 day moving average price is $224.17.

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

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Cowen restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. BNP Paribas Exane cut their price target on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, December 10th. Finally, Citigroup lowered their price objective on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $257.76.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the transaction, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the sale, the director owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This trade represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 270,767 shares of company stock valued at $59,921,239 over the last quarter. 0.37% of the stock is owned by insiders.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.