Oppenheimer Asset Management Inc. Has $5.04 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Oppenheimer Asset Management Inc. grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,445 shares of the Wireless communications provider's stock after acquiring an additional 3,813 shares during the period. Oppenheimer Asset Management Inc.'s holdings in T-Mobile US were worth $5,044,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WASHINGTON TRUST Co grew its stake in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 83 shares during the last quarter. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% during the third 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 last quarter. Summit Securities Group LLC bought a new stake in shares of T-Mobile US during the 2nd quarter worth $27,000. Y.D. More Investments Ltd acquired a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Finally, MFA Wealth Advisors LLC boosted its stake in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 77 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 0.9 %

Shares of TMUS stock traded down $2.22 on Friday, reaching $235.53. The company had a trading volume of 1,767,180 shares, compared to its average volume of 4,431,022. The company has a 50-day moving average of $215.03 and a 200-day moving average of $191.94. T-Mobile US, Inc. has a 12 month low of $147.07 and a 12 month high of $242.43. The stock has a market cap of $273.33 billion, a PE ratio of 26.86, a PEG ratio of 1.23 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analysts' expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's dividend payout ratio (DPR) is currently 29.65%.

Insider Activity at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. This trade represents a 40.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 464,924 shares of company stock worth $97,427,925. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TMUS shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Sanford C. Bernstein upgraded T-Mobile US to a "strong-buy" rating in a research note on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of T-Mobile US from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Finally, Benchmark raised their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $241.83.

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.