EverSource Wealth Advisors LLC Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

EverSource Wealth Advisors LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,519 shares of the Wireless communications provider’s stock after acquiring an additional 298 shares during the period. EverSource Wealth Advisors LLC’s holdings in T-Mobile US were worth $335,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after buying an additional 47,350 shares during the last quarter. Kovack Advisors Inc. purchased a new position in shares of T-Mobile US during the third quarter worth approximately $206,000. Balboa Wealth Partners acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $245,000. Empowered Funds LLC raised its position in T-Mobile US by 66.4% in the 3rd quarter. Empowered Funds LLC now owns 17,640 shares of the Wireless communications provider’s stock valued at $3,640,000 after purchasing an additional 7,042 shares during the last quarter. Finally, KCM Investment Advisors LLC raised its position in T-Mobile US by 5.4% in the 3rd quarter. KCM Investment Advisors LLC now owns 15,918 shares of the Wireless communications provider’s stock valued at $3,285,000 after purchasing an additional 821 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $255.98 on Friday. The stock has a fifty day moving average price of $243.67 and a 200 day moving average price of $228.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market cap of $292.26 billion, a PE ratio of 26.47, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Analyst Ratings Changes

A number of research firms have commented on TMUS. Tigress Financial restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Sanford C. Bernstein assumed coverage on T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective for the company. Morgan Stanley initiated coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price on the stock. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a report on Friday. Finally, HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $254.80.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

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.