Rinkey Investments Sells 3,900 Shares of T-Mobile US, Inc. $TMUS

Rinkey Investments lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 35.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,228 shares of the Wireless communications provider’s stock after selling 3,900 shares during the quarter. Rinkey Investments’ holdings in T-Mobile US were worth $1,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. JDM Financial Group LLC grew its stake in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD acquired a new position in T-Mobile US during the 1st quarter worth $25,000. Paladin Partners LLC bought a new position in T-Mobile US in the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at $27,000. Finally, Swiss RE Ltd. bought a new stake in shares of T-Mobile US during the fourth quarter worth $29,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TMUS shares. UBS Group dropped their price objective on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. Royal Bank Of Canada cut their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Scotiabank lowered their target price on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. Finally, Benchmark dropped their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Stock Down 0.5%

Shares of NASDAQ:TMUS opened at $180.44 on Tuesday. The company has a 50 day moving average price of $181.13 and a two-hundred day moving average price of $193.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The company has a market capitalization of $193.55 billion, a PE ratio of 18.89, a PEG ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same period last year, the firm posted $2.84 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.