Sheets Smith Wealth Management Sells 3,300 Shares of T-Mobile US, Inc. $TMUS

Sheets Smith Wealth Management cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,414 shares of the Wireless communications provider’s stock after selling 3,300 shares during the quarter. Sheets Smith Wealth Management’s holdings in T-Mobile US were worth $3,450,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Activest Wealth Management grew its stake in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of T-Mobile US in the 2nd quarter valued at about $25,000. Missouri Trust & Investment Co grew its position in T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares during the last quarter. Finally, Aspect Partners LLC raised its position in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the completion of the sale, the director directly owned 582,220,759 shares of the company’s stock, valued at $131,680,869,063.03. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 915,016 shares of company stock valued at $208,006,290 over the last quarter. 0.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TMUS shares. Wolfe Research cut their target price on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Benchmark lifted their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.17.

T-Mobile US Trading Up 0.6%

NASDAQ TMUS opened at $198.81 on Friday. The stock has a market cap of $222.37 billion, a PE ratio of 19.12, a PEG ratio of 1.28 and a beta of 0.44. T-Mobile US, Inc. has a 12 month low of $194.01 and a 12 month high of $276.49. The company’s 50-day moving average price is $208.54 and its 200-day moving average price is $227.90. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $2.61 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s dividend payout ratio is 39.23%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.