Sheets Smith Wealth Management Has $4.73 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Sheets Smith Wealth Management reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,714 shares of the Wireless communications provider's stock after selling 1,140 shares during the period. Sheets Smith Wealth Management's holdings in T-Mobile US were worth $4,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TMUS. Godsey & Gibb Inc. boosted its stake in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. boosted its position in 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 buying an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new stake in T-Mobile US during the 4th quarter worth approximately $28,000. Adirondack Trust Co. boosted its position in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the period. Finally, City Holding Co. boosted its position in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $226.98 on Tuesday. The firm has a market capitalization of $257.72 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.64. The firm has a fifty day simple moving average of $242.46 and a two-hundred day simple moving average of $242.95. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 EPS. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TMUS shares. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Citigroup downgraded shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the transaction, the director now directly owns 588,274,099 shares of the company's stock, valued at $135,397,166,625.84. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 279,360 shares of company stock worth $63,022,219. 0.37% of the stock is owned by corporate insiders.

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.

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