Sowell Financial Services LLC Has $3.63 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Sowell Financial Services LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,460 shares of the Wireless communications provider’s stock after buying an additional 3,089 shares during the quarter. Sowell Financial Services LLC’s holdings in T-Mobile US were worth $3,633,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. M&G PLC acquired a new stake in T-Mobile US in the 3rd quarter valued at approximately $681,000. Principal Financial Group Inc. raised its position in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after buying an additional 47,350 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of T-Mobile US during the 3rd quarter worth approximately $483,000. CWA Asset Management Group LLC acquired a new position in shares of T-Mobile US during the 3rd quarter worth approximately $388,000. Finally, Verdence Capital Advisors LLC increased its position in shares of T-Mobile US by 6.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,471 shares of the Wireless communications provider’s stock worth $1,129,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

TMUS opened at $265.24 on Monday. The business has a fifty day simple moving average of $239.80 and a 200 day simple moving average of $226.64. The company has a market capitalization of $302.84 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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%. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. T-Mobile US’s payout ratio is 36.40%.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction on 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 directly owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the company’s 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 sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TMUS shares. KeyCorp lowered T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research report on Thursday, December 12th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Bank of America boosted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $254.10.

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.