OFI Invest Asset Management Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

OFI Invest Asset Management acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,496 shares of the Wireless communications provider’s stock, valued at approximately $745,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Coordinated Financial Services Inc. acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $766,000. Personal CFO Solutions LLC increased its stake in shares of T-Mobile US by 40.3% in the fourth quarter. Personal CFO Solutions LLC now owns 1,583 shares of the Wireless communications provider’s stock valued at $349,000 after buying an additional 455 shares during the period. Amundi increased its stake in shares of T-Mobile US by 19.1% in the fourth quarter. Amundi now owns 2,363,594 shares of the Wireless communications provider’s stock valued at $509,402,000 after buying an additional 378,686 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of T-Mobile US by 3.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 6,951 shares of the Wireless communications provider’s stock valued at $1,534,000 after buying an additional 245 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of T-Mobile US by 2.8% in the fourth quarter. Larson Financial Group LLC now owns 15,039 shares of the Wireless communications provider’s stock valued at $3,320,000 after buying an additional 406 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Scotiabank upped their target price on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Finally, Bank of America upped their target price on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $254.10.

T-Mobile US Price Performance

Shares of TMUS opened at $265.24 on Monday. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $276.49. The business’s fifty day moving average is $239.80 and its 200 day moving average is $226.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock has a market cap of $302.84 billion, a P/E ratio of 27.43, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared 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. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

T-Mobile US Company 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.