Sheets Smith Wealth Management Reduces Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Sheets Smith Wealth Management lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,854 shares of the Wireless communications provider’s stock after selling 262 shares during the quarter. Sheets Smith Wealth Management’s holdings in T-Mobile US were worth $4,162,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Aspire Private Capital LLC raised its holdings in shares of T-Mobile US by 3.2% during the fourth quarter. Aspire Private Capital LLC now owns 4,665 shares of the Wireless communications provider’s stock worth $1,030,000 after purchasing an additional 144 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in shares of T-Mobile US in the fourth quarter worth about $552,000. Atomi Financial Group Inc. grew its stake in T-Mobile US by 26.8% in the 4th quarter. Atomi Financial Group Inc. now owns 6,173 shares of the Wireless communications provider’s stock valued at $1,363,000 after acquiring an additional 1,303 shares during the period. Transform Wealth LLC increased its holdings in T-Mobile US by 17.7% in the 4th quarter. Transform Wealth LLC now owns 54,496 shares of the Wireless communications provider’s stock worth $12,029,000 after acquiring an additional 8,208 shares in the last quarter. Finally, Perpetual Ltd lifted its holdings in T-Mobile US by 43.1% during the fourth quarter. Perpetual Ltd now owns 7,386 shares of the Wireless communications provider’s stock valued at $1,630,000 after purchasing an additional 2,226 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Peter Osvaldik sold 20,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the sale, the chief financial officer now owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the transaction, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. This represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,200 shares of company stock valued at $37,407,303. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $219.49 on Wednesday. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve 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 firm has a market cap of $254.72 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.09 and a beta of 0.56. The company has a fifty day simple moving average of $228.55 and a 200 day simple moving average of $210.98.

T-Mobile US (NASDAQ:TMUSGet Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the firm earned $1.82 EPS. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that T-Mobile US, Inc. will post 9.3 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 40.14%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TMUS. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. Daiwa America upgraded T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Morgan Stanley initiated coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Oppenheimer raised their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Benchmark increased their price target on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $245.74.

View Our Latest Analysis 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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