Richardson Financial Services Inc. Invests $1.03 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

Richardson Financial Services Inc. acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,425 shares of the Wireless communications provider’s stock, valued at approximately $1,030,000. T-Mobile US accounts for 0.9% of Richardson Financial Services Inc.’s portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Wealth Management Group LLC acquired a new stake in T-Mobile US during the fourth quarter valued at $27,000. Valley National Advisers Inc. grew its position in T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares during the period. Baker Avenue Asset Management LP grew its position in T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 81 shares during the period. Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US during the fourth quarter valued at $34,000. Finally, Raleigh Capital Management Inc. grew its position in T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $161.06, for a total value of $30,548,250.20. Following the completion of the transaction, the director now owns 683,320,200 shares in the company, valued at $110,055,551,412. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the sale, the chief accounting officer now owns 6,202 shares in the company, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $161.06, for a total transaction of $30,548,250.20. Following the sale, the director now owns 683,320,200 shares of the company’s stock, valued at approximately $110,055,551,412. The disclosure for this sale can be found here. Insiders sold 6,921,280 shares of company stock worth $1,143,680,180 over the last 90 days. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Thursday. 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 report on Monday, June 10th. KeyCorp increased their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. TD Cowen decreased their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Finally, Citigroup raised their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $190.36.

T-Mobile US Trading Up 0.5 %

Shares of TMUS traded up $0.88 during trading on Friday, reaching $175.99. 4,045,187 shares of the company traded hands, compared to its average volume of 5,779,752. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The stock has a market cap of $206.23 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 0.68 and a beta of 0.50. The stock has a 50-day simple moving average of $166.54 and a 200-day simple moving average of $162.93. T-Mobile US, Inc. has a twelve month low of $129.60 and a twelve month high of $182.67.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. On average, analysts anticipate that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.48%. T-Mobile US’s dividend payout ratio is currently 35.37%.

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.