Oppenheimer Asset Management Inc. Reduces Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Oppenheimer Asset Management Inc. reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,066 shares of the Wireless communications provider's stock after selling 3,451 shares during the period. Oppenheimer Asset Management Inc.'s holdings in T-Mobile US were worth $5,352,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Godsey & Gibb Inc. boosted its holdings in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US in the 4th quarter valued at $28,000. City Holding Co. boosted its holdings in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. boosted its holdings in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $229.82 on Wednesday. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The stock has a market capitalization of $260.95 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.25 and a beta of 0.64. The firm has a 50-day simple moving average of $241.72 and a 200-day simple moving average of $242.86. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same period last year, the business earned $2.00 earnings per share. T-Mobile US's revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors 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 yield of 1.53%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is currently 34.34%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TMUS. Tigress Financial increased their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $257.68.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the completion of the sale, the director now directly owns 588,274,099 shares in the company, valued at approximately $135,397,166,625.84. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 279,360 shares of company stock worth $63,022,219. Insiders own 0.37% of the company's stock.

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.

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