Rinkey Investments Buys 2,709 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Rinkey Investments raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,728 shares of the Wireless communications provider's stock after buying an additional 2,709 shares during the period. T-Mobile US comprises 0.6% of Rinkey Investments' investment portfolio, making the stock its 29th largest position. Rinkey Investments' holdings in T-Mobile US were worth $1,927,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Rakuten Securities Inc. raised 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 purchasing an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the 4th quarter worth $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US during the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC increased its position in shares of T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after acquiring an additional 73 shares during the last quarter. Finally, Albion Financial Group UT purchased a new position in T-Mobile US in the fourth quarter valued at about $39,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent analyst reports. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Bank of America boosted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Benchmark reiterated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Ten 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 a consensus target price of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $5.36 during trading hours on Wednesday, hitting $246.95. 4,436,492 shares of the company's stock traded hands, compared to its average volume of 4,317,814. T-Mobile US, Inc. has a 52 week low of $161.61 and a 52 week high of $276.49. The company has a market cap of $280.70 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company's fifty day simple moving average is $259.35 and its two-hundred day simple moving average is $241.14. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

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, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the company posted $2.00 EPS. The company's revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate 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 Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

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.