Sheets Smith Investment Management Acquires Shares of 7,572 T-Mobile US, Inc. (NASDAQ:TMUS)

Sheets Smith Investment Management acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,572 shares of the Wireless communications provider’s stock, valued at approximately $1,671,000. T-Mobile US accounts for approximately 1.4% of Sheets Smith Investment Management’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC grew its stake in shares of T-Mobile US by 76.7% during 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 period. Rakuten Securities Inc. grew its stake in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the period. Financial Life Planners bought a new position in shares of T-Mobile US during the 4th quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US during the 3rd quarter worth $34,000. Finally, Bruce G. Allen Investments LLC boosted its stake in T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 73 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Down 0.5 %

T-Mobile US stock opened at $255.84 on Monday. The stock has a market cap of $292.10 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The stock has a fifty day moving average of $248.19 and a 200 day moving average of $230.79.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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%. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Analysts Set New Price Targets

TMUS has been the subject of several analyst reports. Tigress Financial restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Scotiabank raised their price target on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Barclays raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Oppenheimer lifted their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Hsbc Global Res cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $255.80.

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.