Oak Thistle LLC Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Oak Thistle LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,882 shares of the Wireless communications provider’s stock, valued at approximately $1,569,000.

Several other large investors have also recently modified their holdings of TMUS. Norges Bank purchased a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $1,802,393,000. GAMMA Investing LLC grew its holdings in shares of T-Mobile US by 29,289.4% during the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider’s stock valued at $814,416,000 after buying an additional 3,043,173 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock valued at $1,329,919,000 after buying an additional 2,777,657 shares during the last quarter. Capital International Investors grew its holdings in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after buying an additional 1,734,998 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in T-Mobile US by 38.8% in the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider’s stock worth $764,947,000 after purchasing an additional 968,444 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

TMUS opened at $233.93 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The company has a market cap of $265.61 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.30 and a beta of 0.62. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. The firm’s fifty day simple moving average is $235.03 and its two-hundred day simple moving average is $243.99.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. During the same period in the previous year, the business earned $2.49 earnings per share. T-Mobile US’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares of the company’s stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 1,256,670 shares of company stock valued at $288,999,139 over the last ninety days. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Tigress Financial lifted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target on the stock in a report on Monday, July 7th. KeyCorp reiterated an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Benchmark reiterated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.12.

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.