Baird Financial Group Inc. Raises Position in T-Mobile US, Inc. $TMUS

Key Points

• Baird Financial Group Inc. increased its stake in T-Mobile US, Inc. by 4.4%, owning 153,173 shares valued at approximately $40.85 million as of the latest SEC filing.
• Numerous hedge funds, including Wellington Management, Goldman Sachs, and Canada Pension Plan Investment Board, have raised their positions in T-Mobile US recently, reflecting growing institutional interest in the stock.
• T-Mobile reported a quarterly earnings per share (EPS) of $2.84, exceeding expectations and showing a 6.9% increase in revenue compared to the same quarter last year.

Baird Financial Group Inc. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,173 shares of the Wireless communications provider's stock after acquiring 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 institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC increased its holdings in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock valued at $436,000 after purchasing an additional 724 shares during the period. Advisor Resource Council purchased a new position in T-Mobile US in the 1st quarter valued at $463,000. Main Street Research LLC increased its stake in T-Mobile US by 1.0% in the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after buying an additional 1,788 shares during the period. Sawgrass Asset Management LLC purchased a new position in T-Mobile US during the 1st quarter worth $6,543,000. Finally, Parr Mcknight Wealth Management Group LLC purchased a new position in T-Mobile US during the 4th quarter worth $1,935,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO G Michael Sievert sold 22,500 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the sale, the chief executive officer owned 358,722 shares in the company, valued at approximately $91,682,168.76. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on 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 completion of the transaction, the director owned 635,503,484 shares of the company's stock, valued at $159,657,540,285.32. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,418,410 shares of company stock worth $575,342,737 in the last three months. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS stock traded up $3.90 during midday trading on Tuesday, reaching $255.89. 4,053,846 shares of the company traded hands, compared to its average volume of 3,743,315. The firm's 50 day simple moving average is $241.82 and its two-hundred day simple moving average is $247.77. The firm has a market cap of $287.98 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $2.49 EPS. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TMUS shares. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Tuesday. They set a "buy" rating and a $286.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $258.02.

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.