Sycomore Asset Management Has $15.98 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Sycomore Asset Management raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 24.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,614 shares of the Wireless communications provider’s stock after acquiring an additional 15,577 shares during the period. T-Mobile US makes up about 2.0% of Sycomore Asset Management’s portfolio, making the stock its 12th biggest holding. Sycomore Asset Management’s holdings in T-Mobile US were worth $15,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TMUS. DT Investment Partners LLC raised its holdings in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares in the last quarter. Dunhill Financial LLC grew its position in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. MFA Wealth Advisors LLC raised its stake in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares in the last quarter. Financial Life Planners bought a new position in shares of T-Mobile US in the fourth quarter worth about $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US in the 3rd quarter valued at approximately $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the transaction, the director now directly owns 4,021 shares in the company, valued at $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research reports. UBS Group boosted their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank of Canada increased their target price on T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research report on Thursday, January 30th. Benchmark restated a “buy” rating and set a $255.00 price target on shares of T-Mobile US in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price objective on shares of T-Mobile US from $220.00 to $235.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Stock Performance

Shares of TMUS opened at $246.24 on Monday. The stock’s 50-day simple moving average is $225.96 and its 200 day simple moving average is $215.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $250.50. The stock has a market capitalization of $281.14 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released 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 net margin of 13.93% and a return on equity of 18.09%. Research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

About T-Mobile US

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.