Evoke Wealth LLC Purchases 48 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Evoke Wealth LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,561 shares of the Wireless communications provider’s stock after purchasing an additional 48 shares during the quarter. Evoke Wealth LLC’s holdings in T-Mobile US were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Principal Financial Group Inc. raised its holdings in T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after purchasing an additional 47,350 shares during the last quarter. Quest Partners LLC bought a new stake in T-Mobile US during the 3rd quarter worth about $643,000. Pathstone Holdings LLC increased its stake in shares of T-Mobile US by 8.2% in the 3rd quarter. Pathstone Holdings LLC now owns 79,162 shares of the Wireless communications provider’s stock valued at $16,336,000 after acquiring an additional 5,974 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of T-Mobile US by 40.4% in the 3rd quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider’s stock valued at $1,414,000 after acquiring an additional 1,972 shares during the last quarter. Finally, SouthState Corp increased its stake in shares of T-Mobile US by 1,939.3% in the 3rd quarter. SouthState Corp now owns 5,914 shares of the Wireless communications provider’s stock valued at $1,220,000 after acquiring an additional 5,624 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 0.6 %

NASDAQ TMUS opened at $259.25 on Thursday. The company has a market cap of $296.00 billion, a PE ratio of 26.81, a PEG ratio of 1.55 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $276.49. The stock has a 50 day moving average of $246.46 and a 200-day moving average of $229.77.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is 36.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a research note on Thursday, December 12th. Scotiabank upped their price target on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $255.05.

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.