Rehmann Capital Advisory Group Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Rehmann Capital Advisory Group raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1,206.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,661 shares of the Wireless communications provider’s stock after buying an additional 18,156 shares during the period. Rehmann Capital Advisory Group’s holdings in T-Mobile US were worth $4,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its position in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after acquiring an additional 47,350 shares in the last quarter. Barclays PLC grew its holdings in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Passumpsic Savings Bank purchased a new stake in T-Mobile US during the 3rd quarter worth approximately $2,634,000. Pine Valley Investments Ltd Liability Co lifted its holdings in T-Mobile US by 1.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 5,498 shares of the Wireless communications provider’s stock worth $1,135,000 after buying an additional 70 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of T-Mobile US in the third quarter worth $510,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Up 2.0 %

Shares of NASDAQ TMUS opened at $241.59 on Wednesday. The firm has a 50-day moving average price of $259.35 and a 200 day moving average price of $241.14. The stock has a market capitalization of $274.61 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52 week low of $161.61 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 34.34%.

Analyst Ratings Changes

TMUS has been the topic of several analyst reports. Bank of America increased 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. Royal Bank of Canada lifted their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research note on Wednesday, March 5th. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.68.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

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.