T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Raised by Sowell Financial Services LLC

Sowell Financial Services LLC increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 34.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,077 shares of the Wireless communications provider's stock after purchasing an additional 5,617 shares during the period. Sowell Financial Services LLC's holdings in T-Mobile US were worth $5,888,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new position in T-Mobile US during the fourth quarter worth approximately $2,138,000. Van ECK Associates Corp raised its position in shares of T-Mobile US by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider's stock worth $4,603,000 after buying an additional 625 shares during the period. Banque Pictet & Cie SA acquired a new position in T-Mobile US in the fourth quarter valued at $285,000. Congress Asset Management Co. purchased a new stake in T-Mobile US during the fourth quarter valued at about $1,879,000. Finally, Principal Securities Inc. increased its stake in T-Mobile US by 21.8% during the fourth quarter. Principal Securities Inc. now owns 12,175 shares of the Wireless communications provider's stock worth $2,687,000 after acquiring an additional 2,181 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMUS. Royal Bank Of Canada boosted their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Tigress Financial increased their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Citigroup lowered 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 report on Friday, March 14th. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Finally, HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $0.44 during trading hours on Thursday, hitting $220.99. The stock had a trading volume of 5,588,020 shares, compared to its average volume of 4,101,384. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The firm has a market capitalization of $250.92 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.22 and a beta of 0.64. The stock's fifty day simple moving average is $244.62 and its 200 day simple moving average is $243.40.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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 company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $2.00 earnings per share. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors 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 dividend yield of 1.59%. T-Mobile US's dividend payout ratio is presently 34.34%.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $228.75, for a total value of $15,975,900.00. Following the sale, the director now owns 588,413,779 shares of the company's stock, valued at approximately $134,599,651,946.25. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.