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

Rinkey Investments increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 45.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,728 shares of the Wireless communications provider's stock after purchasing an additional 2,709 shares during the quarter. T-Mobile US accounts for 0.6% of Rinkey Investments' investment portfolio, making the stock its 29th biggest holding. Rinkey Investments' holdings in T-Mobile US were worth $1,927,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in T-Mobile US by 93.9% during the 4th 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 acquired a new position in T-Mobile US in the fourth quarter worth approximately $28,000. Financial Life Planners acquired a new position in T-Mobile US in the fourth quarter worth approximately $29,000. Bruce G. Allen Investments LLC grew its position in T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after buying an additional 73 shares during the last quarter. Finally, Albion Financial Group UT acquired a new position in T-Mobile US in the 4th quarter worth approximately $39,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Up 1.7 %

Shares of TMUS traded up $4.00 during mid-day trading on Monday, hitting $236.77. 5,824,816 shares of the company's stock were exchanged, compared to its average volume of 4,258,072. T-Mobile US, Inc. has a 52 week low of $161.61 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a 50-day simple moving average of $259.82 and a 200 day simple moving average of $241.14. The company has a market cap of $269.13 billion, a PE ratio of 24.49, a P/E/G ratio of 1.55 and a beta of 0.63.

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 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 business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same period last year, the business earned $2.00 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. On average, research 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 company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. T-Mobile US's dividend payout ratio is presently 34.34%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. Barclays lifted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Oppenheimer raised their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $256.80.

About T-Mobile US

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.