T-Mobile US, Inc. $TMUS Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 96.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,652 shares of the Wireless communications provider’s stock after selling 43,379 shares during the period. Sawgrass Asset Management LLC’s holdings in T-Mobile US were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of TMUS. Howard Hughes Medical Institute bought a new stake in T-Mobile US in the 2nd quarter valued at about $25,000. Elevation Wealth Partners LLC raised its holdings in shares of T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 76 shares during the last quarter. Aspect Partners LLC raised its holdings in shares of T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 65 shares during the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the 2nd quarter worth approximately $31,000. Finally, Kilter Group LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research note on Monday, December 15th. Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. Rothschild Redb upgraded T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $257.76.

Insider Activity

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director directly owned 5,438 shares of the company’s stock, valued at $1,143,720.16. This represents a 21.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the sale, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 106,338 shares of company stock valued at $23,265,289. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

NASDAQ TMUS opened at $186.03 on Monday. The company has a 50 day simple moving average of $200.06 and a 200-day simple moving average of $222.33. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $276.49. The firm has a market capitalization of $208.08 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.61 EPS. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

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.