Oak Ridge Investments LLC Buys 3,241 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Oak Ridge Investments LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 60,315 shares of the Wireless communications provider’s stock after acquiring an additional 3,241 shares during the period. T-Mobile US accounts for about 1.0% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 21st biggest holding. Oak Ridge Investments LLC’s holdings in T-Mobile US were worth $13,313,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. DT Investment Partners LLC increased its position in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the period. Dunhill Financial LLC boosted its stake in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. MFA Wealth Advisors LLC increased its holdings in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares during the period. Legacy Investment Solutions LLC bought a new position in T-Mobile US in the third quarter worth approximately $34,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 1.5 %

T-Mobile US stock opened at $218.97 on Friday. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The stock has a 50-day moving average price of $228.93 and a 200 day moving average price of $210.26. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $254.11 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the firm earned $1.82 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.31 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. T-Mobile US’s payout ratio is currently 40.14%.

Insider Activity

In other news, Director Andre Almeida bought 3,808 shares of the stock in a transaction dated Monday, December 9th. The shares were acquired at an average cost of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now directly owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,200 shares of company stock valued at $37,407,303 in the last quarter. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TMUS. Tigress Financial lifted their price target on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday, December 2nd. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Citigroup increased their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. TD Cowen lifted their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Oppenheimer increased their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $245.74.

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.