Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 21,702 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Empirical Financial Services LLC increased its holdings in T-Mobile US by 651.7%, acquiring 21,702 additional shares, totaling 25,032 shares worth approximately $6.68 million.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, surpassing analysts' expectations of $2.69, and also announced a dividend of $0.88 per share to be paid on September 11th.
• Institutional investors collectively own 42.49% of T-Mobile US stock, highlighting significant interest from larger market players.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 651.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 25,032 shares of the Wireless communications provider's stock after acquiring an additional 21,702 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in T-Mobile US were worth $6,676,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crestwood Advisors Group LLC grew its position in shares of T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after buying an additional 724 shares during the period. Burling Wealth Partners LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $2,539,000. Advisor Resource Council acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $463,000. Main Street Research LLC grew its holdings in T-Mobile US by 1.0% during the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after purchasing an additional 1,788 shares during the period. Finally, Westpac Banking Corp grew its holdings in T-Mobile US by 25.4% during the fourth quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock valued at $2,304,000 after purchasing an additional 2,113 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In related news, insider Callie R. Field sold 12,300 shares of T-Mobile US stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total value of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares of the company's stock, valued at approximately $26,702,552.80. This trade represents a 9.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $241.08, for a total value of $16,837,027.20. Following the completion of the sale, the director directly owned 646,473,564 shares of the company's stock, valued at approximately $155,851,846,809.12. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,555,330 shares of company stock worth $360,568,811 in the last ninety days. Company insiders own 0.37% of the company's stock.

T-Mobile US Trading Down 0.5%

Shares of TMUS stock traded down $1.21 during trading hours on Friday, hitting $237.20. 3,480,382 shares of the company were exchanged, compared to its average volume of 4,080,460. The firm has a market cap of $266.95 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a fifty-two week low of $185.39 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a 50 day simple moving average of $234.89 and a two-hundred day simple moving average of $245.31.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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 business 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 posted $2.49 EPS. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TMUS shares. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Bank of America initiated coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada upped their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

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 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.