T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,906 shares of the Wireless communications provider’s stock after purchasing an additional 721 shares during the quarter. EP Wealth Advisors LLC’s holdings in T-Mobile US were worth $1,040,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its holdings in T-Mobile US by 16.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,284 shares of the Wireless communications provider’s stock valued at $4,455,000 after acquiring an additional 3,590 shares during the period. Quarry LP boosted its stake in shares of T-Mobile US by 12.5% in the second quarter. Quarry LP now owns 748 shares of the Wireless communications provider’s stock valued at $132,000 after purchasing an additional 83 shares during the period. NewEdge Advisors LLC boosted its stake in shares of T-Mobile US by 13.6% in the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after purchasing an additional 25,217 shares during the period. Silver Lake Advisory LLC acquired a new position in shares of T-Mobile US in the second quarter valued at approximately $354,000. Finally, Nemes Rush Group LLC increased its stake in T-Mobile US by 201.6% during the 2nd quarter. Nemes Rush Group LLC now owns 733 shares of the Wireless communications provider’s stock worth $129,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.0 %

TMUS opened at $208.08 on Thursday. The stock has a market capitalization of $243.84 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $208.36. The business’s 50-day simple moving average is $196.15 and its 200-day simple moving average is $178.79.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9.13 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.69%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is currently 47.89%.

Insiders Place Their Bets

In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 306,492 shares of company stock valued at $60,161,906. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TMUS shares. Royal Bank of Canada raised their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. KeyCorp boosted their target price on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Tigress Financial increased their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Citigroup boosted their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Raymond James cut shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $208.00 to $221.00 in a report on Wednesday. Nineteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $216.36.

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.