SouthState Corp Has $1.22 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

SouthState Corp raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1,939.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,914 shares of the Wireless communications provider's stock after purchasing an additional 5,624 shares during the period. SouthState Corp's holdings in T-Mobile US were worth $1,220,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of TMUS. Bessemer Group Inc. lifted its position in T-Mobile US by 208.8% in the 1st quarter. Bessemer Group Inc. now owns 37,122 shares of the Wireless communications provider's stock valued at $6,059,000 after acquiring an additional 25,099 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of T-Mobile US in the first quarter worth $117,000. Shell Asset Management Co. boosted its holdings in T-Mobile US by 52.9% during the first quarter. Shell Asset Management Co. now owns 11,442 shares of the Wireless communications provider's stock worth $1,868,000 after purchasing an additional 3,961 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in T-Mobile US by 80.7% during the first quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider's stock worth $41,000 after purchasing an additional 113 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new position in T-Mobile US in the first quarter valued at $267,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company's stock, valued at approximately $357,627,872. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 455,338 shares of company stock valued at $95,539,866 in the last 90 days. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Price Performance

TMUS stock traded up $2.27 during midday trading on Wednesday, reaching $235.47. The company had a trading volume of 2,538,508 shares, compared to its average volume of 4,421,048. The company has a market capitalization of $273.26 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1-year low of $147.96 and a 1-year high of $242.43. The stock has a 50 day moving average price of $218.19 and a 200-day moving average price of $194.11.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the business posted $1.82 EPS. The company's revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's payout ratio is presently 29.65%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent research reports. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. Morgan Stanley increased their price objective on T-Mobile US from $209.00 to $239.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. TD Cowen boosted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Scotiabank lifted their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $241.83.

T-Mobile US Company 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.