Wealth Enhancement Advisory Services LLC Has $140.28 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in T-Mobile US by 4.2% during the second quarter, now holding approximately 582,680 shares valued at $140.28 million.
• T-Mobile US reported $2.84 EPS for the last quarter, surpassing analysts' expectations, with revenue of $21.13 billion, representing a 6.9% increase year-over-year.
• Wall Street analysts have generally given T-Mobile US a "Moderate Buy" rating, with average price targets among varying analysts ranging from $200.00 to $280.00.

Wealth Enhancement Advisory Services LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 582,680 shares of the Wireless communications provider's stock after purchasing an additional 23,549 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.05% of T-Mobile US worth $140,280,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management boosted its stake in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the period. Godsey & Gibb Inc. lifted its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the period. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US in the 1st quarter worth approximately $29,000. TCTC Holdings LLC lifted its position in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the period. Finally, City Holding Co. lifted its position in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TMUS shares. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US Price Performance

NASDAQ:TMUS traded down $0.66 during trading hours on Friday, reaching $238.17. 7,442,087 shares of the company were exchanged, compared to its average volume of 3,765,798. The business has a 50 day moving average of $243.89 and a 200 day moving average of $245.78. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 1-year low of $197.46 and a 1-year high of $276.49. The company has a market capitalization of $268.04 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.31 and a beta of 0.61.

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

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio is currently 33.21%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 2,611,714 shares of company stock valued at $628,056,504. 0.37% of the stock is currently owned by corporate insiders.

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.