Sowell Financial Services LLC Sells 14,288 Shares of T-Mobile US, Inc. $TMUS

Sowell Financial Services LLC decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 65.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,621 shares of the Wireless communications provider’s stock after selling 14,288 shares during the period. Sowell Financial Services LLC’s holdings in T-Mobile US were worth $1,824,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of T-Mobile US in the 2nd quarter valued at $1,477,780,000. Marshall Wace LLP raised its position in T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after purchasing an additional 1,878,654 shares during the last quarter. Viking Global Investors LP boosted its stake in shares of T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after purchasing an additional 1,279,422 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after purchasing an additional 1,160,275 shares during the last quarter. Finally, State Street Corp increased its stake in shares of T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, CEO Srini Gopalan bought 9,800 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the transaction, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the sale, the director owned 5,438 shares of the company’s stock, valued at $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 786,175 shares of company stock worth $177,235,831. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $203.15 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $227.23 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.44. The firm’s fifty day simple moving average is $207.43 and its two-hundred day simple moving average is $227.37. T-Mobile US, Inc. has a 12 month low of $194.01 and a 12 month high of $276.49.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the business earned $2.61 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is presently 39.23%.

Analysts Set New Price Targets

TMUS has been the topic of several recent research reports. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Tigress Financial lifted their price target on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Citigroup decreased their price objective on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Moffett Nathanson raised their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.17.

T-Mobile US Company Profile

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.