Empowered Funds LLC Has $11.99 Million Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• Empowered Funds LLC increased its stake in T-Mobile US by 118.0% during the first quarter, owning $11.99 million worth of shares after purchasing an additional 24,327 shares.
• Director Telekom Ag Deutsche and CEO G Michael Sievert recently sold a significant number of shares, with Sievert's transaction valued at $5.75 million, indicating insider selling activity.
• Analysts have raised their ratings on T-Mobile US, with Morgan Stanley increasing the price target from $265.00 to $285.00 and three analysts rating it as a Strong Buy.

Empowered Funds LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 118.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,944 shares of the Wireless communications provider's stock after purchasing an additional 24,327 shares during the period. Empowered Funds LLC's holdings in T-Mobile US were worth $11,987,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TMUS. Snowden Capital Advisors LLC lifted its position in T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after buying an additional 40 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in shares of T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after purchasing an additional 41 shares during the period. Hohimer Wealth Management LLC raised its holdings in shares of T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after purchasing an additional 41 shares during the period. Journey Strategic Wealth LLC raised its holdings in shares of T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after purchasing an additional 41 shares during the period. Finally, Angeles Wealth Management LLC raised its holdings in T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock valued at $888,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $0.33 on Friday, hitting $241.72. The company had a trading volume of 3,085,735 shares, compared to its average volume of 3,832,857. The stock has a market capitalization of $272.04 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.32 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $243.25 and a two-hundred day moving average of $246.64. T-Mobile US, Inc. has a 52 week low of $195.47 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm earned $2.49 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. KeyCorp reissued an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price on the stock. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Morgan Stanley increased their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Bank of America assumed coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,627,930 shares of company stock worth $628,713,068 over the last ninety days. 0.37% of the stock is owned by company insiders.

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.