Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $5.50 Million Stake in T-Mobile US, Inc. $TMUS

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 27,083 shares of the Wireless communications provider’s stock after selling 3,841 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in T-Mobile US were worth $5,499,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TMUS. PFG Private Wealth Management LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $359,000. Lodestone Wealth Management LLC bought a new position in T-Mobile US in the fourth quarter worth $89,000. Frank Rimerman Advisors LLC boosted its stake in T-Mobile US by 36.1% during the fourth quarter. Frank Rimerman Advisors LLC now owns 8,131 shares of the Wireless communications provider’s stock worth $1,651,000 after buying an additional 2,158 shares in the last quarter. Nilsine Partners LLC boosted its stake in T-Mobile US by 1.4% during the fourth quarter. Nilsine Partners LLC now owns 5,417 shares of the Wireless communications provider’s stock worth $1,100,000 after buying an additional 77 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in T-Mobile US by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 23,318 shares of the Wireless communications provider’s stock valued at $4,654,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other news, CFO Peter Osvaldik sold 27,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director G Michael Sievert sold 1,089 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the completion of the transaction, the director directly owned 125,696 shares in the company, valued at $27,885,657.60. The trade was a 0.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 694,134 shares of company stock valued at $150,847,799. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of analyst reports. BNP Paribas Exane reduced their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. TD Cowen lowered their target price on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. Citigroup lifted their price objective on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Finally, Barclays upped their price objective on T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $257.26.

T-Mobile US Stock Down 1.4%

TMUS opened at $201.40 on Friday. The firm has a market cap of $221.91 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.33 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm’s 50-day simple moving average is $209.02 and its 200-day simple moving average is $210.97. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio is currently 42.02%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.