T-Mobile US, Inc. $TMUS Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,304 shares of the Wireless communications provider’s stock after selling 4,762 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in T-Mobile US were worth $3,646,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of T-Mobile US in the first quarter worth $618,248,000. Assenagon Asset Management S.A. increased its position in T-Mobile US by 518.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after purchasing an additional 1,160,275 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after purchasing an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after purchasing an additional 844,932 shares in the last quarter. Finally, Amundi boosted its stake in shares of T-Mobile US by 34.4% during the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock worth $851,066,000 after purchasing an additional 813,331 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the sale, the director directly owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 2,273,274 shares of company stock worth $547,198,479. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $219.99 on Wednesday. The company has a market cap of $246.06 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock’s 50-day moving average is $237.85 and its 200-day moving average is $240.03.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the business earned $2.61 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is 33.85%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TMUS. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday. Moffett Nathanson lifted their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. BNP Paribas Exane increased their price target on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Raymond James Financial upgraded T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $266.63.

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.