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

Rinkey Investments reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 35.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,228 shares of the Wireless communications provider’s stock after selling 3,900 shares during the period. Rinkey Investments’ holdings in T-Mobile US were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TMUS. JDM Financial Group LLC boosted its holdings in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Main Street Group LTD acquired a new stake in shares of T-Mobile US during the first quarter worth $25,000. Paladin Partners LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $25,000. Dunhill Financial LLC bought a new stake in T-Mobile US in the 2nd quarter valued at $27,000. Finally, Swiss RE Ltd. bought a new stake in T-Mobile US in the 4th quarter valued at $29,000. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. Wells Fargo & Company reduced their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Monday, July 6th. Finally, TD Cowen dropped their target price on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Stock Performance

Shares of TMUS opened at $180.44 on Tuesday. The stock has a market capitalization of $193.55 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $258.66. The firm has a fifty day simple moving average of $181.13 and a 200 day simple moving average of $193.18. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same period in the previous year, the business earned $2.84 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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

T-Mobile US 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.