Sheets Smith Wealth Management Sells 3,300 Shares of T-Mobile US, Inc. $TMUS

Sheets Smith Wealth Management cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,414 shares of the Wireless communications provider’s stock after selling 3,300 shares during the period. Sheets Smith Wealth Management’s holdings in T-Mobile US were worth $3,450,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in T-Mobile US by 0.5% during the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock worth $10,045,252,000 after buying an additional 215,711 shares during the period. State Street Corp raised its position in shares of T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after acquiring an additional 994,740 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares during the last quarter. Franklin Resources Inc. boosted its position in T-Mobile US by 5.2% during the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after purchasing an additional 309,922 shares in the last quarter. Finally, Norges Bank purchased a new position in T-Mobile US in the second quarter valued at about $1,477,780,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several analyst reports. Tigress Financial increased their price target on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Monday, December 15th. Wolfe Research lowered their target price on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Citigroup reduced their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. Finally, TD Cowen decreased their price objective on T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.17.

T-Mobile US Trading Up 0.6%

Shares of T-Mobile US stock opened at $198.81 on Friday. The firm’s 50 day simple moving average is $208.54 and its two-hundred day simple moving average is $227.90. The firm has a market capitalization of $222.37 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.28 and a beta of 0.44. T-Mobile US, Inc. has a 12-month low of $194.01 and a 12-month high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.61 earnings per share. 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 Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is currently 39.23%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director owned 582,220,759 shares in the company, valued at $131,680,869,063.03. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 915,016 shares of company stock valued at $208,006,290 in the last three months. Company insiders own 0.37% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.