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

Sei Investments Co. trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,249 shares of the Wireless communications provider’s stock after selling 12,940 shares during the quarter. Sei Investments Co.’s holdings in T-Mobile US were worth $30,294,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TMUS. Rakuten Securities Inc. raised its holdings in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the period. Dunhill Financial LLC lifted its holdings in shares of 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 purchasing an additional 56 shares in the last quarter. Financial Life Planners acquired a new position in shares of T-Mobile US during the fourth quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the third quarter worth about $34,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 73 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $258.75 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market cap of $295.43 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49. The firm’s 50-day simple moving average is $249.99 and its 200 day simple moving average is $231.69.

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, beating 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 predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Analyst Ratings Changes

TMUS has been the subject of a number of recent research reports. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Scotiabank boosted their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Sanford C. Bernstein assumed coverage on T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. Finally, UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $255.80.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

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.