SG Americas Securities LLC Grows Stock Position in T-Mobile US, Inc. $TMUS

SG Americas Securities LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4,653.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 403,640 shares of the Wireless communications provider’s stock after buying an additional 395,148 shares during the quarter. SG Americas Securities LLC’s holdings in T-Mobile US were worth $81,955,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Elevation Wealth Partners LLC increased its holdings in T-Mobile US by 144.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 284 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 168 shares during the last quarter. Asempa Wealth Advisors bought a new position in T-Mobile US during the fourth quarter worth about $281,000. Fulton Bank N.A. boosted its position in T-Mobile US by 3.1% during the fourth quarter. Fulton Bank N.A. now owns 4,542 shares of the Wireless communications provider’s stock worth $922,000 after purchasing an additional 136 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of T-Mobile US by 7.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 640,661 shares of the Wireless communications provider’s stock worth $127,043,000 after purchasing an additional 44,813 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC raised its position in shares of T-Mobile US by 5,643.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 85,115 shares of the Wireless communications provider’s stock valued at $17,096,000 after purchasing an additional 83,633 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the transaction, the director owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This represents a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total value of $2,260,992.00. Following the completion of the sale, the insider owned 74,280 shares in the company, valued at $16,401,024. This trade represents a 12.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 694,134 shares of company stock worth $150,847,799. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TMUS shares. The Goldman Sachs Group upped their price target on shares of T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Scotiabank lowered their target price on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. BNP Paribas Exane cut their price target on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Argus reduced their price target on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.30.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $211.26 on Wednesday. The company has a 50 day moving average of $205.91 and a 200 day moving average of $212.15. The stock has a market cap of $232.78 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.36 and a beta of 0.43. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $272.60. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.02%.

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.