Sheets Smith Investment Management Buys New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Sheets Smith Investment Management purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,572 shares of the Wireless communications provider's stock, valued at approximately $1,671,000. T-Mobile US makes up about 1.4% of Sheets Smith Investment Management's investment portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after acquiring an additional 47,350 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of T-Mobile US by 144.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,769 shares of the Wireless communications provider's stock valued at $571,000 after purchasing an additional 1,637 shares during the last quarter. Nicolet Advisory Services LLC purchased a new position in shares of T-Mobile US during the third quarter valued at about $236,000. Great Valley Advisor Group Inc. increased its holdings in shares of T-Mobile US by 39.0% in the third quarter. Great Valley Advisor Group Inc. now owns 11,053 shares of the Wireless communications provider's stock worth $2,281,000 after purchasing an additional 3,103 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of T-Mobile US by 22.3% in the third quarter. Cerity Partners LLC now owns 117,790 shares of the Wireless communications provider's stock worth $24,307,000 after buying an additional 21,487 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

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T-Mobile US Trading Down 0.1 %

Shares of NASDAQ:TMUS traded down $0.21 during trading on Tuesday, reaching $258.75. 2,987,882 shares of the company were exchanged, compared to its average volume of 3,977,317. The business's fifty day simple moving average is $249.99 and its 200-day simple moving average is $231.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The firm has a market capitalization of $295.43 billion, a PE ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TMUS shares. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Scotiabank raised their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Morgan Stanley started coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an "overweight" rating and a $280.00 price target on the stock. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday. Finally, Oppenheimer upped their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $255.80.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company's stock.

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.