Everence Capital Management Inc. Grows Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Everence Capital Management Inc. boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,760 shares of the Wireless communications provider’s stock after purchasing an additional 2,490 shares during the period. Everence Capital Management Inc.’s holdings in T-Mobile US were worth $3,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Centre Asset Management LLC raised its position in T-Mobile US by 7.5% in the fourth quarter. Centre Asset Management LLC now owns 7,489 shares of the Wireless communications provider’s stock worth $1,653,000 after acquiring an additional 522 shares during the period. GAMMA Investing LLC grew its position in shares of T-Mobile US by 12.0% during the 4th quarter. GAMMA Investing LLC now owns 10,390 shares of the Wireless communications provider’s stock valued at $2,293,000 after acquiring an additional 1,114 shares during the period. Versant Capital Management Inc increased its stake in shares of T-Mobile US by 21.1% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 64 shares during the last quarter. Inspire Trust Co. N.A. lifted its stake in T-Mobile US by 9.8% in the third quarter. Inspire Trust Co. N.A. now owns 11,512 shares of the Wireless communications provider’s stock valued at $2,376,000 after purchasing an additional 1,026 shares during the last quarter. Finally, Old North State Trust LLC lifted its stake in T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS traded up $1.30 during trading hours on Friday, reaching $220.83. 560,181 shares of the company’s stock traded hands, compared to its average volume of 1,642,957. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a market cap 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 firm’s 50 day simple moving average is $231.67 and its 200-day simple moving average is $207.39.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given 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 dividend payout ratio (DPR) is presently 40.14%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research reports. UBS Group boosted their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price objective on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Tigress Financial increased their target price on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price for the company. Finally, Raymond James cut 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 issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $247.58.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,969 shares of company stock valued at $46,656,527 over the last 90 days. 0.67% of the stock is owned by insiders.

T-Mobile US 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.