Oppenheimer & Co. Inc. Increases Holdings in T-Mobile US, Inc. $TMUS

Oppenheimer & Co. Inc. increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,857 shares of the Wireless communications provider’s stock after acquiring an additional 11,594 shares during the period. Oppenheimer & Co. Inc.’s holdings in T-Mobile US were worth $20,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL grew its holdings in T-Mobile US by 9.4% in the second quarter. Blair William & Co. IL now owns 11,239 shares of the Wireless communications provider’s stock valued at $2,678,000 after purchasing an additional 970 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in shares of T-Mobile US by 14.2% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 1,888 shares of the Wireless communications provider’s stock worth $450,000 after buying an additional 235 shares in the last quarter. Aberdeen Group plc grew its stake in T-Mobile US by 2.9% in the 2nd quarter. Aberdeen Group plc now owns 353,758 shares of the Wireless communications provider’s stock valued at $84,286,000 after acquiring an additional 9,928 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in T-Mobile US by 26.5% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 1,607 shares of the Wireless communications provider’s stock valued at $383,000 after acquiring an additional 337 shares in the last quarter. Finally, 1858 Wealth Management LLC raised its position in T-Mobile US by 6.5% during the second quarter. 1858 Wealth Management LLC now owns 2,344 shares of the Wireless communications provider’s stock worth $558,000 after acquiring an additional 143 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director owned 308,696 shares in the company, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,457 shares of company stock worth $11,149,636 in the last three months. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Cowen reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Wolfe Research dropped their price target on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Tuesday, October 28th. Wells Fargo & Company decreased their price objective on T-Mobile US from $260.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. Finally, The Goldman Sachs Group cut their target price on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $256.78.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $197.35 on Monday. The company has a market cap of $220.74 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.09 and a beta of 0.44. The business has a fifty day simple moving average of $196.90 and a 200-day simple moving average of $219.84. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is currently 39.23%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.