Oppenheimer & Co. Inc. Boosts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Oppenheimer & Co. Inc. raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,301 shares of the Wireless communications provider’s stock after purchasing an additional 11,036 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in T-Mobile US were worth $11,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TMUS. PFG Investments LLC boosted its stake in shares of T-Mobile US by 16.6% in the third quarter. PFG Investments LLC now owns 1,456 shares of the Wireless communications provider’s stock worth $301,000 after buying an additional 207 shares during the last quarter. Modera Wealth Management LLC purchased a new stake in shares of T-Mobile US in the third quarter worth about $315,000. J.W. Cole Advisors Inc. purchased a new stake in shares of T-Mobile US in the third quarter worth about $562,000. Old Port Advisors purchased a new stake in shares of T-Mobile US in the third quarter worth about $220,000. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of T-Mobile US in the third quarter worth about $205,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andre Almeida purchased 3,808 shares of the stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Scotiabank upped their price target on T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a report on Thursday, December 12th. Bank of America upped their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $251.79.

T-Mobile US Trading Down 2.6 %

Shares of T-Mobile US stock opened at $263.58 on Thursday. The firm has a market capitalization of $300.94 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $273.40. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a 50 day moving average of $233.61 and a 200 day moving average of $222.99.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 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 Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.34%. T-Mobile US’s payout ratio is 36.40%.

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.