Baird Financial Group Inc. Buys 6,423 Shares of T-Mobile US, Inc. $TMUS

Baird Financial Group Inc. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.4% during the 1st quarter, Holdings Channel reports. The fund owned 153,173 shares of the Wireless communications provider’s stock after purchasing an additional 6,423 shares during the period. Baird Financial Group Inc.’s holdings in T-Mobile US were worth $40,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TMUS. Activest Wealth Management boosted its position in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares in the last quarter. Godsey & Gibb Inc. boosted its position in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC bought a new stake in T-Mobile US during the 1st quarter valued at $29,000. TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Finally, Adirondack Trust Co. boosted its position in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TMUS shares. KeyCorp reissued an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Royal Bank Of Canada raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Arete Research raised T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen cut T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $256.31.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $251.12, for a total transaction of $627,800.00. Following the completion of the transaction, the insider owned 158,703 shares in the company, valued at approximately $39,853,497.36. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $251.23, for a total value of $17,545,903.20. Following the transaction, the director owned 635,503,484 shares of the company’s stock, valued at $159,657,540,285.32. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,418,410 shares of company stock valued at $575,342,737. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $251.99 on Friday. The stock has a 50-day moving average of $240.80 and a two-hundred day moving average of $247.97. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market cap of $283.59 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.38 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the firm posted $2.49 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. T-Mobile US’s payout ratio is currently 33.21%.

T-Mobile US 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.