Sheets Smith Investment Management Invests $1.67 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

Sheets Smith Investment Management acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 7,572 shares of the Wireless communications provider’s stock, valued at approximately $1,671,000. T-Mobile US comprises 1.4% of Sheets Smith Investment Management’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds have also recently made changes to their positions in TMUS. Dunhill Financial LLC boosted its stake in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares during the period. Rakuten Securities Inc. boosted its stake in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the period. Financial Life Planners bought a new position in T-Mobile US during the fourth quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new position in T-Mobile US during the third quarter valued at approximately $34,000. Finally, Bruce G. Allen Investments LLC boosted its stake in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 73 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TMUS shares. JPMorgan Chase & Co. increased their price target on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Barclays increased their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Sanford C. Bernstein started coverage on T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. Finally, Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $255.80.

T-Mobile US Trading Down 0.5 %

Shares of NASDAQ TMUS opened at $255.84 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The business’s 50 day moving average price is $248.19 and its 200-day moving average price is $230.79. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49. The company has a market cap of $292.10 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.38%. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

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.