Frank Rimerman Advisors LLC Acquires 492 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Frank Rimerman Advisors LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,248 shares of the Wireless communications provider’s stock after buying an additional 492 shares during the period. Frank Rimerman Advisors LLC’s holdings in T-Mobile US were worth $1,379,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. 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. Rakuten Securities Inc. grew 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 acquiring an additional 62 shares during the last quarter. Financial Life Planners acquired a new position in T-Mobile US in the 4th quarter worth about $29,000. Legacy Investment Solutions LLC bought a new position in T-Mobile US in the third quarter valued at about $34,000. Finally, Bruce G. Allen Investments LLC boosted its stake 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 valued at $36,000 after purchasing an additional 73 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TMUS shares. Sanford C. Bernstein began coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Oppenheimer raised their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price for the company. Finally, Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.80.

T-Mobile US Trading Down 1.2 %

Shares of TMUS stock opened at $255.98 on Friday. 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 company has a market capitalization of $292.26 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $276.49. The company has a 50-day simple moving average of $243.67 and a two-hundred day simple moving average of $228.51.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

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.