Wealth Enhancement Advisory Services LLC Sells 4,144 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Wealth Enhancement Advisory Services LLC decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TMUS. Vanguard Group Inc. lifted its stake in T-Mobile US by 3.8% in 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 lifted its stake in 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 acquiring an additional 578,348 shares in the last quarter. Legal & General Group Plc lifted its stake in T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares in the last quarter. Blackstone Inc. bought a new stake in T-Mobile US in the 1st quarter valued at approximately $48,966,000. Finally, ProShare Advisors LLC lifted its stake in T-Mobile US by 26.8% in the 1st quarter. ProShare Advisors LLC now owns 1,233,867 shares of the Wireless communications provider’s stock valued at $201,392,000 after acquiring an additional 260,795 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS traded down $7.20 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 company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a fifty day moving average of $206.12 and a two-hundred day moving average of $185.23. T-Mobile US, Inc. has a 1-year low of $138.42 and a 1-year high of $234.56. The company has a market cap of $264.11 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 9.22 EPS for the current 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 represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 32.58%.

Insider Activity

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their target price on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI boosted their price target on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday. Scotiabank boosted their price target on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday. UBS Group boosted their price target on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their price target on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $240.17.

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.