Sound Income Strategies LLC Increases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Sound Income Strategies LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,251 shares of the Wireless communications provider’s stock after buying an additional 145 shares during the quarter. Sound Income Strategies LLC’s holdings in T-Mobile US were worth $276,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Delta Investment Management LLC boosted its holdings in T-Mobile US by 46.2% during the second quarter. Delta Investment Management LLC now owns 1,900 shares of the Wireless communications provider’s stock worth $335,000 after purchasing an additional 600 shares during the last quarter. Deerfield Management Company L.P. Series C bought a new position in shares of T-Mobile US during the 2nd quarter worth approximately $764,000. MBB Public Markets I LLC purchased a new position in shares of T-Mobile US in the 2nd quarter worth approximately $6,558,000. Mackenzie Financial Corp grew its holdings in shares of T-Mobile US by 22.3% in the second quarter. Mackenzie Financial Corp now owns 391,280 shares of the Wireless communications provider’s stock valued at $68,936,000 after acquiring an additional 71,406 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TMUS. Royal Bank of Canada cut T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $255.00 to $240.00 in a research report on Monday, January 6th. Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company downgraded shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $240.00 to $220.00 in a research report on Monday, January 6th. Finally, Scotiabank lifted their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.74.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,200 shares of company stock valued at $32,736,303 in the last 90 days. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 1.2 %

Shares of T-Mobile US stock opened at $218.57 on Friday. The company’s 50-day moving average price is $227.27 and its 200-day moving average price is $211.34. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The company has a market cap of $253.65 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.08 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. On average, equities analysts expect that T-Mobile US, Inc. will post 9.3 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. T-Mobile US’s dividend payout ratio is currently 40.14%.

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.