Wealth Enhancement Advisory Services LLC Increases Stock Holdings in T-Mobile US, Inc. $TMUS

Wealth Enhancement Advisory Services LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 640,661 shares of the Wireless communications provider’s stock after acquiring an additional 44,813 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of T-Mobile US worth $127,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. L2 Asset Management LLC lifted its position in shares of T-Mobile US by 2.2% during the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares in the last quarter. City Holding Co. increased its stake in T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after buying an additional 46 shares during the period. New Republic Capital LLC lifted its holdings in T-Mobile US by 4.7% in the 3rd quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock worth $257,000 after buying an additional 48 shares in the last quarter. CYBER HORNET ETFs LLC boosted its position in T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after buying an additional 48 shares during the last quarter. Finally, Appleton Partners Inc. MA boosted its position in T-Mobile US by 5.3% in the 3rd quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider’s stock valued at $232,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TMUS shares. TD Cowen dropped their target price on T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Royal Bank Of Canada lowered their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Argus dropped their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Barclays increased their target price on T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley decreased their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $257.30.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the sale, the director directly owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This represents a 76.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the transaction, the director owned 891,204 shares in the company, valued at $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 694,134 shares of company stock worth $150,847,799. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 0.9%

NASDAQ:TMUS opened at $208.47 on Friday. The stock has a 50-day simple moving average of $205.25 and a 200 day simple moving average of $213.02. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The company has a market capitalization of $229.70 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.36 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 29th. T-Mobile US’s payout ratio is 42.02%.

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.