RFG Advisory LLC Decreases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

RFG Advisory LLC lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,805 shares of the Wireless communications provider's stock after selling 1,111 shares during the quarter. RFG Advisory LLC's holdings in T-Mobile US were worth $1,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. grew its stake in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US during the fourth quarter valued at about $28,000. Adirondack Trust Co. grew its stake in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the last quarter. Pinney & Scofield Inc. bought a new position in shares of T-Mobile US during the fourth quarter valued at about $39,000. Finally, DT Investment Partners LLC grew its stake in shares of T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock valued at $42,000 after buying an additional 70 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. Tigress Financial raised their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research report on Wednesday, March 5th. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Royal Bank of Canada lifted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Up 1.2%

Shares of TMUS stock traded up $2.94 during trading hours on Thursday, hitting $244.90. 2,855,193 shares of the company's stock traded hands, compared to its average volume of 4,148,829. The stock's fifty day simple moving average is $249.38 and its two-hundred day simple moving average is $243.93. T-Mobile US, Inc. has a 12-month low of $171.18 and a 12-month high of $276.49. The stock has a market cap of $278.07 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.55 and a beta of 0.69. 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 (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the business earned $2.00 earnings per share. The business's revenue was up 6.6% on a year-over-year basis. On average, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. T-Mobile US's payout ratio is 34.34%.

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.