Wealth Enhancement Advisory Services LLC Has $104.48 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 506,285 shares of the Wireless communications provider’s stock after selling 4,144 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in T-Mobile US were worth $104,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after acquiring an additional 1,667,778 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after buying an additional 578,348 shares in the last quarter. Legal & General Group Plc boosted its position in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the period. Blackstone Inc. bought a new stake in T-Mobile US during the first quarter worth approximately $48,966,000. Finally, ProShare Advisors LLC boosted its position in T-Mobile US by 26.8% during the first quarter. ProShare Advisors LLC now owns 1,233,867 shares of the Wireless communications provider’s stock worth $201,392,000 after purchasing an additional 260,795 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Trading Down 3.1 %

TMUS stock traded down $7.20 during midday trading on Friday, reaching $226.36. The stock had a trading volume of 6,478,408 shares, compared to its average volume of 4,511,788. The business has a fifty day simple moving average of $206.12 and a two-hundred day simple moving average of $185.23. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a market cap of $264.11 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. T-Mobile US, Inc. has a twelve month low of $138.42 and a twelve month high of $234.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. As a group, research analysts expect that T-Mobile US, Inc. will post 9.22 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. 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 dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 32.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. 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 research report on Thursday. UBS Group upped their target price on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. KeyCorp upped their target price on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday. Benchmark upped their price target on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Oppenheimer upped their price target on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.17.

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.