Oak Ridge Investments LLC Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Oak Ridge Investments LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,315 shares of the Wireless communications provider's stock after purchasing an additional 3,241 shares during the quarter. T-Mobile US comprises approximately 1.0% of Oak Ridge Investments LLC's investment portfolio, making the stock its 21st biggest position. Oak Ridge Investments LLC's holdings in T-Mobile US were worth $13,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC boosted its stake in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after buying an additional 876,182 shares during the period. International Assets Investment Management LLC boosted its position in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock worth $51,586,000 after purchasing an additional 248,828 shares during the period. Swedbank AB increased its holdings in T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock valued at $52,631,000 after purchasing an additional 12,411 shares during the last quarter. Passumpsic Savings Bank purchased a new stake in T-Mobile US in the third quarter valued at approximately $2,634,000. Finally, Nordea Investment Management AB lifted its stake in T-Mobile US by 36.9% during the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider's stock worth $324,960,000 after purchasing an additional 397,345 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TMUS shares. Oppenheimer lifted their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price target on the stock. The Goldman Sachs Group raised their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Citigroup upped their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Finally, Raymond James cut shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average target price of $245.74.

Insider Activity

In other news, Director Andre Almeida acquired 3,808 shares of the company's stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now owns 3,808 shares of the company's stock, valued at $897,621.76. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter Osvaldik sold 20,000 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the transaction, the chief financial officer now owns 61,307 shares of the company's stock, valued at approximately $14,318,249.85. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,200 shares of company stock valued at $37,407,303. Insiders own 0.67% of the company's stock.

T-Mobile US Stock Up 1.5 %

Shares of T-Mobile US stock traded up $3.22 during trading hours on Friday, hitting $218.97. The company had a trading volume of 4,224,613 shares, compared to its average volume of 3,337,652. The company's 50-day moving average is $228.93 and its two-hundred day moving average is $210.47. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market cap of $254.11 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (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 company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. T-Mobile US's revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 9.31 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm 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 $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. T-Mobile US's dividend payout ratio is presently 40.14%.

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.