Pinnacle Bancorp Inc. Acquires 76 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Pinnacle Bancorp Inc. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 52.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 220 shares of the Wireless communications provider’s stock after purchasing an additional 76 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in T-Mobile US were worth $36,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TMUS. Private Wealth Management Group LLC acquired a new position in T-Mobile US during the 4th quarter worth approximately $27,000. Valley National Advisers Inc. boosted its holdings 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 worth $28,000 after purchasing an additional 123 shares during the last quarter. Baker Avenue Asset Management LP grew its position in T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US in the 4th quarter valued at $34,000. Finally, Raleigh Capital Management Inc. boosted its stake in shares of T-Mobile US by 54.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 90 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $162.39, for a total transaction of $30,800,511.30. Following the transaction, the director now owns 681,616,136 shares in the company, valued at approximately $110,687,644,325.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $163.20, for a total transaction of $3,264,000.00. Following the sale, the chief executive officer now owns 458,124 shares in the company, valued at approximately $74,765,836.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $162.39, for a total transaction of $30,800,511.30. Following the transaction, the director now owns 681,616,136 shares of the company’s stock, valued at $110,687,644,325.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,779,170 shares of company stock worth $1,133,297,126. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

TMUS opened at $176.18 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The business has a fifty day simple moving average of $169.84 and a 200 day simple moving average of $164.47. T-Mobile US, Inc. has a 1 year low of $131.47 and a 1 year high of $182.67. The company has a market capitalization of $206.46 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 0.69 and a beta of 0.50.

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

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.48%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TMUS shares. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, May 29th. Citigroup increased their price objective on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Royal Bank of Canada boosted their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. TD Cowen cut their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Finally, Bank of America boosted their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Buy” and a consensus price target of $190.36.

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.