Everence Capital Management Inc. Purchases 2,490 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Everence Capital Management Inc. boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,760 shares of the Wireless communications provider’s stock after acquiring an additional 2,490 shares during the quarter. Everence Capital Management Inc.’s holdings in T-Mobile US were worth $3,037,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of T-Mobile US by 5.3% in the second quarter. Van ECK Associates Corp now owns 21,350 shares of the Wireless communications provider’s stock worth $3,761,000 after acquiring an additional 1,072 shares during the last quarter. TIAA Trust National Association lifted its stake in T-Mobile US by 4.0% in the 2nd quarter. TIAA Trust National Association now owns 7,006 shares of the Wireless communications provider’s stock valued at $1,234,000 after purchasing an additional 271 shares during the last quarter. Founders Financial Securities LLC boosted its position in T-Mobile US by 7.2% in the second quarter. Founders Financial Securities LLC now owns 9,263 shares of the Wireless communications provider’s stock valued at $1,632,000 after buying an additional 620 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in shares of T-Mobile US by 95.1% during the second quarter. Foundations Investment Advisors LLC now owns 4,027 shares of the Wireless communications provider’s stock worth $709,000 after buying an additional 1,963 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in shares of T-Mobile US by 33.1% during the second quarter. Belpointe Asset Management LLC now owns 10,749 shares of the Wireless communications provider’s stock worth $1,894,000 after buying an additional 2,674 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Up 0.6 %

Shares of NASDAQ:TMUS traded up $1.30 during mid-day trading on Friday, hitting $220.83. The company had a trading volume of 560,181 shares, compared to its average volume of 1,642,957. The firm has a fifty day moving average price of $231.67 and a 200 day moving average price of $207.39. The company has a market capitalization of $256.27 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.18 and a beta of 0.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 net margin of 12.96% and a return on equity of 16.35%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. As a group, research analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.59%. T-Mobile US’s payout ratio is currently 40.14%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,969 shares of company stock valued at $46,656,527. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a report on Thursday, December 12th. Citigroup raised their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Royal Bank of Canada boosted their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $247.58.

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.