Bailard Inc. Purchases 1,200 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Bailard Inc. grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 112.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,266 shares of the Wireless communications provider's stock after buying an additional 1,200 shares during the period. Bailard Inc.'s holdings in T-Mobile US were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. Burling Wealth Partners LLC purchased a new position in shares of T-Mobile US in the fourth quarter valued at $2,539,000. Mizuho Securities USA LLC grew its holdings in shares of T-Mobile US by 45.4% in the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock valued at $10,197,000 after purchasing an additional 14,418 shares in the last quarter. Advisor Resource Council purchased a new position in shares of T-Mobile US in the first quarter valued at $463,000. Westpac Banking Corp grew its holdings in shares of T-Mobile US by 25.4% in the fourth quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock valued at $2,304,000 after purchasing an additional 2,113 shares in the last quarter. Finally, Main Street Research LLC grew its holdings in shares of T-Mobile US by 1.0% in the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after purchasing an additional 1,788 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TMUS. Bank of America began coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. Morgan Stanley lifted their price objective on shares of T-Mobile US from $265.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $255.12.

T-Mobile US Stock Up 0.1%

Shares of TMUS stock traded up $0.18 on Friday, hitting $227.21. The stock had a trading volume of 3,773,586 shares, compared to its average volume of 4,100,418. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average price of $235.29 and a 200 day moving average price of $243.87. The company has a market cap of $257.98 billion, a PE ratio of 22.17, a P/E/G ratio of 1.26 and a beta of 0.62. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 earnings per share. Research analysts anticipate 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 Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. T-Mobile US's payout ratio is currently 34.34%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 1,116,990 shares of company stock valued at $256,892,992 in the last ninety days. Insiders own 0.37% 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.