Empirical Finance LLC Increases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Empirical Finance LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,994 shares of the Wireless communications provider’s stock after purchasing an additional 273 shares during the period. Empirical Finance LLC’s holdings in T-Mobile US were worth $3,713,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co boosted its position in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. DT Investment Partners LLC increased its stake in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd bought a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, MFA Wealth Advisors LLC boosted its stake in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, EVP Nestor Cano sold 11,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock valued at $97,427,925 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their price target on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. TD Cowen upped their target price on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America upped their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, KeyCorp raised their target price on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $238.28 on Friday. The business’s 50 day moving average is $214.22 and its two-hundred day moving average is $191.62. T-Mobile US, Inc. has a 12-month low of $147.07 and a 12-month high of $242.43. 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 stock has a market capitalization of $276.52 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.23 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.48%. T-Mobile US’s dividend payout ratio (DPR) is currently 29.65%.

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.