Sei Investments Co. Has $30.29 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Sei Investments Co. lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 137,249 shares of the Wireless communications provider’s stock after selling 12,940 shares during the period. Sei Investments Co.’s holdings in T-Mobile US were worth $30,294,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TMUS. Rakuten Securities Inc. increased its position in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares in the last quarter. Dunhill Financial LLC grew its stake in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. Financial Life Planners acquired a new position in shares of T-Mobile US during the fourth quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US in the 3rd quarter valued at $34,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction 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 directly owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Bank of America upped their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Oppenheimer lifted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research report on Wednesday, March 5th. Finally, Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $255.80.

T-Mobile US Stock Down 0.1 %

Shares of NASDAQ TMUS opened at $258.75 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market cap of $295.43 billion, a PE ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 0.64. The company’s fifty day simple moving average is $249.99 and its 200 day simple moving average is $231.69. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, sell-side analysts forecast 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 Sunday, June 22nd. Shareholders 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 dividend on an annualized basis and a yield of 1.36%. 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.