Sowell Financial Services LLC Acquires 5,617 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Sowell Financial Services LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 34.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,077 shares of the Wireless communications provider’s stock after acquiring an additional 5,617 shares during the quarter. Sowell Financial Services LLC’s holdings in T-Mobile US were worth $5,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mission Wealth Management LP increased its stake in T-Mobile US by 18.0% in the first quarter. Mission Wealth Management LP now owns 10,229 shares of the Wireless communications provider’s stock worth $2,728,000 after purchasing an additional 1,560 shares during the period. Cyndeo Wealth Partners LLC raised its position in T-Mobile US by 3.6% during the first quarter. Cyndeo Wealth Partners LLC now owns 1,653 shares of the Wireless communications provider’s stock valued at $441,000 after acquiring an additional 58 shares in the last quarter. Traphagen Investment Advisors LLC purchased a new stake in T-Mobile US in the 1st quarter valued at $215,000. Trust Co. of Toledo NA OH grew its holdings in shares of T-Mobile US by 12.4% during the 1st quarter. Trust Co. of Toledo NA OH now owns 1,270 shares of the Wireless communications provider’s stock worth $339,000 after purchasing an additional 140 shares during the period. Finally, Tuttle Capital Management LLC grew its holdings in shares of T-Mobile US by 15.5% during the 1st quarter. Tuttle Capital Management LLC now owns 2,441 shares of the Wireless communications provider’s stock worth $651,000 after purchasing an additional 327 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Tigress Financial raised their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a research note on Friday, March 14th. Finally, Royal Bank of Canada raised their price target on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $228.00 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market cap of $258.88 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The business has a fifty day simple moving average of $246.27 and a 200 day simple moving average of $243.82.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio is currently 34.34%.

T-Mobile US Company 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.