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

Rehmann Capital Advisory Group reduced its position in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 6.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,899 shares of the Wireless communications provider’s stock after selling 122 shares during the period. Rehmann Capital Advisory Group’s holdings in T-Mobile US were worth $310,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Creative Planning increased its position in shares of T-Mobile US by 3.0% in the third quarter. Creative Planning now owns 108,606 shares of the Wireless communications provider’s stock worth $15,210,000 after acquiring an additional 3,139 shares in the last quarter. OLD National Bancorp IN increased its stake in T-Mobile US by 24.3% during the 3rd quarter. OLD National Bancorp IN now owns 3,294 shares of the Wireless communications provider’s stock worth $461,000 after buying an additional 644 shares during the period. Diversified Trust Co lifted its holdings in T-Mobile US by 11.9% in the 3rd quarter. Diversified Trust Co now owns 3,081 shares of the Wireless communications provider’s stock worth $431,000 after buying an additional 328 shares in the last quarter. Comerica Bank boosted its position in T-Mobile US by 96,374.8% in the 3rd quarter. Comerica Bank now owns 134,100 shares of the Wireless communications provider’s stock valued at $18,781,000 after buying an additional 133,961 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in shares of T-Mobile US by 4,822.5% during the third quarter. Trust Co. of Vermont now owns 3,495 shares of the Wireless communications provider’s stock valued at $489,000 after acquiring an additional 3,424 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TMUS. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, May 29th. Oppenheimer reissued an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Bank of America increased their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Citigroup boosted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, TD Cowen decreased their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $190.79.

View Our Latest Report on TMUS

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $1.72 on Wednesday, reaching $180.77. 1,383,195 shares of the company traded hands, compared to its average volume of 4,786,187. The stock has a market capitalization of $211.84 billion, a PE ratio of 24.49, a P/E/G ratio of 0.70 and a beta of 0.51. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The company’s 50 day moving average is $171.99 and its 200-day moving average is $165.68. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $182.67.

T-Mobile US (NASDAQ:TMUSGet Free Report) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. T-Mobile US’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share. As a group, analysts anticipate that T-Mobile US, Inc. will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Insider Transactions at T-Mobile US

In related news, CFO Peter Osvaldik sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $180.98, for a total value of $1,809,800.00. Following the completion of the transaction, the chief financial officer now owns 81,307 shares of the company’s stock, valued at approximately $14,714,940.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Peter Osvaldik sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $180.98, for a total value of $1,809,800.00. Following the completion of the transaction, the chief financial officer now owns 81,307 shares in the company, valued at approximately $14,714,940.86. The disclosure for this sale can be found here. Insiders have sold a total of 5,849,587 shares of company stock valued at $983,194,872 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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