Everence Capital Management Inc. Purchases 2,370 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Everence Capital Management Inc. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 36.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,950 shares of the Wireless communications provider’s stock after purchasing an additional 2,370 shares during the quarter. Everence Capital Management Inc.’s holdings in T-Mobile US were worth $1,435,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TMUS. Norges Bank acquired a new stake in shares of T-Mobile US in the fourth quarter worth $2,801,442,000. Clearbridge Investments LLC grew its stake in shares of T-Mobile US by 243.9% in the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after acquiring an additional 2,071,489 shares during the last quarter. Morgan Stanley grew its stake in shares of T-Mobile US by 18.8% in the fourth quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock worth $1,537,838,000 after acquiring an additional 1,742,108 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock worth $350,983,000 after acquiring an additional 1,190,813 shares during the last quarter. Finally, Third Point LLC acquired a new stake in T-Mobile US during the third quarter worth $140,050,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, insider Callie R. Field sold 5,844 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now directly owns 102,555 shares in the company, valued at approximately $17,274,364.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $164.85, for a total transaction of $32,130,913.50. Following the completion of the sale, the director now owns 690,905,381 shares of the company’s stock, valued at approximately $113,895,752,057.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Insiders have sold 5,689,170 shares of company stock worth $924,847,536 in the last ninety days. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TMUS shares. Oppenheimer reiterated an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. KeyCorp decreased their price target on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. Raymond James upped their target price on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Citigroup upped their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $185.93.

T-Mobile US Stock Performance

T-Mobile US stock opened at $159.88 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. T-Mobile US, Inc. has a 1 year low of $124.92 and a 1 year high of $168.64. The company has a market cap of $189.76 billion, a PE ratio of 23.06, a PEG ratio of 0.65 and a beta of 0.49. The company’s 50-day moving average is $162.32 and its two-hundred day moving average is $155.88.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business had revenue of $20.48 billion for the quarter, compared to analyst estimates of $19.67 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts anticipate that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given 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 1.63%. T-Mobile US’s dividend payout ratio is 37.52%.

About T-Mobile US

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.