Sycomore Asset Management Buys 15,577 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Sycomore Asset Management boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,614 shares of the Wireless communications provider's stock after acquiring an additional 15,577 shares during the quarter. T-Mobile US accounts for about 2.0% of Sycomore Asset Management's investment portfolio, making the stock its 12th largest position. Sycomore Asset Management's holdings in T-Mobile US were worth $15,978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. DT Investment Partners LLC raised its holdings in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 47 shares in the last quarter. Dunhill Financial LLC lifted its holdings in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 56 shares during the last quarter. Financial Life Planners purchased a new stake in shares of T-Mobile US in the 4th quarter valued at $29,000. MFA Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in T-Mobile US in the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.6 %

Shares of TMUS traded up $1.58 during mid-day trading on Tuesday, reaching $257.41. The company had a trading volume of 1,269,672 shares, compared to its average volume of 3,804,765. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $257.55. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $293.89 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. The firm has a 50-day moving average price of $226.18 and a 200 day moving average price of $216.54.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.37%. T-Mobile US's dividend payout ratio is presently 36.40%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price target on T-Mobile US from $240.00 to $245.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 30th. Scotiabank increased their price objective on T-Mobile US from $234.00 to $247.00 and gave the company a "sector perform" rating in a research note on Thursday, January 30th. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Finally, Barclays raised their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.79.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the transaction, the director now directly owns 4,021 shares in the company, valued at approximately $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,100 shares of company stock valued at $747,378 over the last three months. 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.