Baird Financial Group Inc. Purchases 6,839 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Baird Financial Group Inc. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,750 shares of the Wireless communications provider’s stock after acquiring an additional 6,839 shares during the quarter. Baird Financial Group Inc.’s holdings in T-Mobile US were worth $32,392,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Rakuten Securities Inc. lifted its stake in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US in the fourth quarter worth approximately $28,000. Financial Life Planners bought a new stake in shares of T-Mobile US during the 4th quarter worth approximately $29,000. Bruce G. Allen Investments LLC lifted its stake in shares of T-Mobile US by 79.3% during the 4th 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 during the 4th quarter valued at $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the 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 transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $248.30 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market cap of $281.93 billion, a PE ratio of 25.68, a PEG ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 12-month low of $161.61 and a 12-month high of $276.49. The business’s fifty day simple moving average is $257.82 and its 200-day simple moving average is $242.08.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates 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 company 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 posted $2.00 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.42%. T-Mobile US’s payout ratio is currently 34.34%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Royal Bank of Canada lifted their target price 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. Bank of America lifted their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Benchmark reaffirmed a “buy” rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.68.

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.