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

Empowered Funds LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 66.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,640 shares of the Wireless communications provider’s stock after acquiring an additional 7,042 shares during the period. Empowered Funds LLC’s holdings in T-Mobile US were worth $3,640,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Empirical Finance LLC raised its stake in T-Mobile US by 1.5% during the 3rd quarter. Empirical Finance LLC now owns 17,994 shares of the Wireless communications provider’s stock valued at $3,713,000 after acquiring an additional 273 shares in the last quarter. Connable Office Inc. increased its holdings in shares of T-Mobile US by 0.4% during the third quarter. Connable Office Inc. now owns 14,387 shares of the Wireless communications provider’s stock valued at $2,969,000 after purchasing an additional 63 shares during the period. First Business Financial Services Inc. raised its stake in shares of T-Mobile US by 7.6% during the third quarter. First Business Financial Services Inc. now owns 14,343 shares of the Wireless communications provider’s stock valued at $2,960,000 after purchasing an additional 1,015 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in T-Mobile US by 1.6% in the third quarter. CIBC Asset Management Inc now owns 324,662 shares of the Wireless communications provider’s stock worth $66,997,000 after purchasing an additional 5,154 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in T-Mobile US by 11.1% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 4,304 shares of the Wireless communications provider’s stock valued at $888,000 after buying an additional 430 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. This represents a 7.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 455,338 shares of company stock valued at $95,539,866. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Up 0.6 %

NASDAQ:TMUS opened at $237.03 on Tuesday. T-Mobile US, Inc. has a 1-year low of $147.24 and a 1-year high of $242.43. The firm has a market capitalization of $275.07 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.20 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The business’s fifty day moving average price is $216.71 and its 200 day moving average price is $193.34.

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 (EPS) 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 during the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 40.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. KeyCorp boosted their price objective on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Evercore ISI raised their target price on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays boosted their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Company 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.