Sycomore Asset Management Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Sycomore Asset Management lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 48.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,474 shares of the Wireless communications provider’s stock after selling 39,387 shares during the quarter. T-Mobile US comprises about 1.4% of Sycomore Asset Management’s portfolio, making the stock its 22nd largest position. Sycomore Asset Management’s holdings in T-Mobile US were worth $6,550,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. boosted its stake in T-Mobile US by 18.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 17,028 shares of the Wireless communications provider’s stock worth $2,730,000 after purchasing an additional 2,666 shares in the last quarter. Bfsg LLC acquired a new stake in T-Mobile US during the 4th quarter worth $968,000. Harvest Fund Management Co. Ltd boosted its position in shares of T-Mobile US by 9.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 10,163 shares of the Wireless communications provider’s stock valued at $1,617,000 after acquiring an additional 905 shares during the last quarter. Cumberland Partners Ltd purchased a new stake in T-Mobile US in the 4th quarter valued at about $481,000. Finally, GAMMA Investing LLC purchased a new stake in T-Mobile US in the 4th quarter valued at about $639,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.6 %

NASDAQ:TMUS traded up $0.93 during trading hours on Wednesday, hitting $164.18. The stock had a trading volume of 4,709,477 shares, compared to its average volume of 4,505,567. The company has a market cap of $194.86 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 0.66 and a beta of 0.49. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. The business’s 50 day moving average is $162.39 and its 200-day moving average is $156.76.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. During the same quarter last year, the company earned $1.18 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts anticipate that T-Mobile US, Inc. will post 8.95 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is 37.52%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $162.58, for a total transaction of $30,836,548.60. Following the sale, the director now directly owns 678,865,721 shares in the company, valued at $110,369,988,920.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $162.58, for a total transaction of $30,836,548.60. Following the completion of the sale, the director now directly owns 678,865,721 shares in the company, valued at $110,369,988,920.18. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Callie R. Field sold 5,844 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,995,889 shares of company stock valued at $972,451,611. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TMUS. KeyCorp reduced their price objective on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a report on Friday, January 26th. Raymond James increased their price target on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $184.00 price target on shares of T-Mobile US in a research report on Wednesday, March 20th. Finally, Citigroup raised their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $185.93.

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.