T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,224 shares of the Wireless communications provider’s stock after selling 194 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in T-Mobile US were worth $517,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TMUS. Valley National Advisers Inc. boosted its holdings in shares of T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the period. Baker Avenue Asset Management LP lifted its holdings in T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares during the period. Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US in the fourth quarter worth about $34,000. Raleigh Capital Management Inc. lifted its holdings in T-Mobile US by 54.5% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares during the period. Finally, Mine & Arao Wealth Creation & Management LLC. acquired a new stake in T-Mobile US in the third quarter worth about $42,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. TD Cowen reduced their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a report on Friday, April 26th. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Citigroup boosted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Tigress Financial boosted their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $186.33.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 170,903 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total value of $27,335,934.85. Following the transaction, the director now owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO G Michael Sievert sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $161.05, for a total value of $6,442,000.00. Following the completion of the sale, the chief executive officer now owns 496,036 shares of the company’s stock, valued at approximately $79,886,597.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total value of $27,335,934.85. Following the completion of the sale, the director now directly owns 680,306,713 shares of the company’s stock, valued at approximately $108,815,058,744.35. The disclosure for this sale can be found here. Insiders have sold 6,537,157 shares of company stock worth $1,062,270,599 in the last 90 days. Company insiders own 0.70% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $162.83 on Thursday. The company has a market capitalization of $190.81 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The business’s 50-day moving average is $162.61 and its 200-day moving average is $158.34.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. Equities research analysts expect that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.60%. T-Mobile US’s dividend payout ratio is 35.37%.

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.