Rehmann Capital Advisory Group Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Rehmann Capital Advisory Group boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1,206.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,661 shares of the Wireless communications provider's stock after buying an additional 18,156 shares during the quarter. Rehmann Capital Advisory Group's holdings in T-Mobile US were worth $4,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TMUS. Barclays PLC grew its holdings in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $1,552,000. Trust Co. of Vermont raised its stake in shares of T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock valued at $5,954,000 after acquiring an additional 2,865 shares in the last quarter. Rice Partnership LLC purchased a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $7,678,000. Finally, Exchange Traded Concepts LLC grew its stake in T-Mobile US by 737.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock worth $12,476,000 after purchasing an additional 49,775 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $1.88 during midday trading on Friday, reaching $248.88. The company had a trading volume of 2,801,071 shares, compared to its average volume of 4,248,879. The stock has a market cap of $282.59 billion, a P/E ratio of 25.74, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1 year low of $161.61 and a 1 year high of $276.49. The business's 50-day simple moving average is $258.13 and its 200 day simple moving average is $241.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 EPS. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 34.34%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent research reports. Royal Bank of Canada increased their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Barclays upped their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.67% 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.