Empower Advisory Group LLC Invests $369,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Empower Advisory Group LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,512 shares of the Wireless communications provider’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Aspire Private Capital LLC acquired a new stake in shares of T-Mobile US during the first quarter worth $20,422,440,000. Raleigh Capital Management Inc. grew its stake in T-Mobile US by 84.8% in the first quarter. Raleigh Capital Management Inc. now owns 170 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 78 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in T-Mobile US in the fourth quarter valued at about $29,000. Creative Capital Management Investments LLC acquired a new position in T-Mobile US in the first quarter valued at about $30,000. Finally, City Holding Co. grew its stake in T-Mobile US by 124.2% in the first quarter. City Holding Co. now owns 213 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 118 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TMUS. HSBC decreased their target price on T-Mobile US from $185.00 to $165.00 in a research note on Monday, June 5th. Raymond James decreased their target price on T-Mobile US from $184.00 to $172.00 and set a “strong-buy” rating for the company in a research note on Friday, September 8th. StockNews.com started coverage on T-Mobile US in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Wolfe Research raised T-Mobile US from a “peer perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Thursday, June 8th. Finally, Barclays raised T-Mobile US from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.95.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $138.34, for a total value of $2,766,800.00. Following the sale, the chief executive officer now owns 646,339 shares in the company, valued at $89,414,537.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $138.34, for a total value of $2,766,800.00. Following the transaction, the chief executive officer now owns 646,339 shares of the company’s stock, valued at $89,414,537.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jon Freier sold 15,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the sale, the insider now directly owns 190,901 shares in the company, valued at approximately $26,726,140. The disclosure for this sale can be found here. Insiders have sold 42,453 shares of company stock worth $5,915,631 over the last 90 days. Company insiders own 0.70% of the company’s stock.

T-Mobile US Stock Performance

TMUS opened at $141.93 on Friday. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $154.38. The firm has a market capitalization of $166.97 billion, a PE ratio of 28.27 and a beta of 0.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.77 and a current ratio of 0.82. The business’s 50-day simple moving average is $138.07 and its 200 day simple moving average is $139.87.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 27th. The Wireless communications provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.15. The firm had revenue of $19.20 billion for the quarter, compared to analyst estimates of $19.36 billion. T-Mobile US had a return on equity of 9.02% and a net margin of 7.82%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 earnings per share. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 7.31 earnings per share for the current fiscal year.

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; leasing through JUMP! On Demand; and High Speed Internet services.