Wealth Enhancement Advisory Services LLC Acquires 1,285 Shares of T-Mobile US Inc (TMUS)
Wealth Enhancement Advisory Services LLC lifted its holdings in shares of T-Mobile US Inc (NASDAQ:TMUS) by 9.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,411 shares of the Wireless communications provider’s stock after purchasing an additional 1,285 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in T-Mobile US were worth $918,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Rational Advisors LLC bought a new stake in T-Mobile US in the 3rd quarter worth $105,000. Capital Bank & Trust Co grew its holdings in T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 2,190 shares during the last quarter. Opera Trading Capital bought a new stake in T-Mobile US in the 3rd quarter worth $154,000. Renaissance Group LLC bought a new stake in T-Mobile US in the 3rd quarter worth $201,000. Finally, Atria Investments LLC bought a new stake in T-Mobile US in the 4th quarter worth $207,000. 34.94% of the stock is currently owned by institutional investors.
T-Mobile US Inc (NASDAQ:TMUS) opened at $63.71 on Friday. T-Mobile US Inc has a 12-month low of $54.60 and a 12-month high of $68.88. The stock has a market cap of $52,313.90, a PE ratio of 28.45, a P/E/G ratio of 0.95 and a beta of 0.28. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same period last year, the company posted $0.27 EPS. T-Mobile US’s revenue was up 7.7% on a year-over-year basis. equities analysts anticipate that T-Mobile US Inc will post 2.45 earnings per share for the current year.
T-Mobile US declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
A number of brokerages have issued reports on TMUS. Moffett Nathanson reissued a “neutral” rating on shares of T-Mobile US in a report on Thursday, October 12th. Jefferies Group reissued a “top pick” rating and issued a $62.78 price target (down previously from $72.00) on shares of T-Mobile US in a report on Tuesday, November 28th. Morgan Stanley raised their price target on shares of T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Macquarie reissued a “hold” rating and issued a $68.00 price target on shares of T-Mobile US in a report on Tuesday, October 24th. Finally, Societe Generale began coverage on shares of T-Mobile US in a report on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $69.86.
In related news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $62.97, for a total transaction of $944,550.00. Following the completion of the transaction, the chief financial officer now directly owns 163,688 shares of the company’s stock, valued at approximately $10,307,433.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Elizabeth A. Mcauliffe sold 4,310 shares of T-Mobile US stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $64.10, for a total transaction of $276,271.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,620 shares of company stock valued at $4,708,192. 0.29% of the stock is currently owned by corporate insiders.
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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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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