T-Mobile US, Inc. $TMUS Shares Purchased by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments LLC increased its holdings in T-Mobile US, acquiring an additional 1,026 shares, bringing their total to 61,341 shares, which now represent about 1.4% of their portfolio.
• Several institutional investors have significantly expanded their positions in T-Mobile US, with Capital International Investors increasing holdings by 36.2% and Canada Pension Plan Investment Board by 85.5% during the fourth quarter.
• T-Mobile US announced a quarterly dividend of $0.88 per share, which equates to an annualized yield of 1.4%, with the ex-dividend date set for August 29th.

Oak Ridge Investments LLC lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,341 shares of the Wireless communications provider's stock after acquiring an additional 1,026 shares during the period. T-Mobile US accounts for 1.4% of Oak Ridge Investments LLC's holdings, making the stock its 17th largest position. Oak Ridge Investments LLC's holdings in T-Mobile US were worth $16,360,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. boosted its stake in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the last quarter. Stone House Investment Management LLC acquired a new position in T-Mobile US during the first quarter worth $29,000. TCTC Holdings LLC boosted its stake in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the last quarter. Adirondack Trust Co. boosted its stake in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the last quarter. Finally, City Holding Co. boosted its stake in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. KeyCorp restated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, Bank of America assumed coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $256.31.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 1,974,370 shares of company stock worth $462,526,830. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 1.1%

TMUS traded up $2.8680 on Tuesday, hitting $258.0480. 981,048 shares of the company were exchanged, compared to its average volume of 4,312,765. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49. The company has a market cap of $290.41 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $235.93 and a two-hundred day moving average price of $247.58.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the previous year, the firm posted $2.49 EPS. T-Mobile US's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities 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 Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 33.21%.

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.