Evoke Wealth LLC Invests $239,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Evoke Wealth LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,487 shares of the Wireless communications provider’s stock, valued at approximately $239,000.

A number of other hedge funds also recently modified their holdings of the business. OLD National Bancorp IN raised its stake in T-Mobile US by 1.9% during the fourth quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock worth $538,000 after buying an additional 62 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in T-Mobile US by 3.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 66 shares during the last quarter. Transatlantique Private Wealth LLC raised its stake in T-Mobile US by 0.4% during the third quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock worth $2,296,000 after buying an additional 68 shares during the last quarter. Hohimer Wealth Management LLC increased its stake in T-Mobile US by 0.9% in the third quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $1,054,000 after purchasing an additional 68 shares in the last quarter. Finally, Tranquility Partners LLC increased its stake in T-Mobile US by 1.9% in the fourth quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock valued at $613,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 208,637 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $170.24, for a total value of $35,518,362.88. Following the transaction, the director now directly owns 673,706,697 shares in the company, valued at $114,691,828,097.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the sale, the insider now owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 208,637 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $170.24, for a total transaction of $35,518,362.88. Following the completion of the sale, the director now directly owns 673,706,697 shares in the company, valued at approximately $114,691,828,097.28. The disclosure for this sale can be found here. Insiders have sold a total of 6,833,017 shares of company stock worth $1,115,162,920 over the last three months. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Down 1.1 %

T-Mobile US stock opened at $173.08 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $126.05 and a fifty-two week high of $178.47. The stock has a market cap of $202.82 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 0.68 and a beta of 0.50. The firm’s 50-day simple moving average is $163.71 and its 200 day simple moving average is $161.17. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 earnings per share. Research analysts predict that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is 35.37%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TMUS. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Tigress Financial lifted their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. StockNews.com downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup lifted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, Oppenheimer reiterated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $186.33.

Get Our Latest Research Report on T-Mobile US

T-Mobile US Profile

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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