T-Mobile US, Inc. (NASDAQ:TMUS) Position Cut by Sheets Smith Wealth Management

Sheets Smith Wealth Management trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,603 shares of the Wireless communications provider’s stock after selling 700 shares during the quarter. Sheets Smith Wealth Management’s holdings in T-Mobile US were worth $2,662,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its holdings in T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares during the period. BluePath Capital Management LLC acquired a new position in T-Mobile US during the third quarter worth about $26,000. Baker Avenue Asset Management LP grew its holdings in T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 81 shares during the period. Bay Harbor Wealth Management LLC acquired a new position in T-Mobile US during the fourth quarter worth about $34,000. Finally, Raleigh Capital Management Inc. grew its holdings in T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 90 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of TMUS traded down $0.31 during mid-day trading on Friday, hitting $164.60. The company’s stock had a trading volume of 4,274,939 shares, compared to its average volume of 4,389,829. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The firm has a market capitalization of $192.89 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The stock’s 50-day moving average is $162.69 and its two-hundred day moving average is $157.99.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. During the same period in the prior year, the business earned $1.58 earnings per share. T-Mobile US’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. T-Mobile US’s dividend payout ratio is 35.37%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 170,903 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total value of $27,335,934.85. Following the completion of the transaction, the director now directly owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 13,872 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $160.27, for a total transaction of $2,223,265.44. Following the completion of the transaction, the executive vice president now directly owns 107,328 shares in the company, valued at $17,201,458.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 170,903 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total value of $27,335,934.85. Following the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The disclosure for this sale can be found here. Insiders sold a total of 6,359,509 shares of company stock valued at $1,033,407,661 over the last ninety days. 0.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TMUS shares. Citigroup lifted their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. KeyCorp lifted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Royal Bank of Canada lifted their price target on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Morgan Stanley lifted their price target on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $186.33.

About T-Mobile US

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.