Arvest Investments Inc. Acquires 103 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Arvest Investments Inc. boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,828 shares of the Wireless communications provider’s stock after acquiring an additional 103 shares during the period. Arvest Investments Inc.’s holdings in T-Mobile US were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Raymond James Financial Inc. bought a new position in T-Mobile US during the 4th quarter worth about $452,721,000. FMR LLC lifted its position in shares of T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Barclays PLC lifted its position in shares of 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 valued at $653,160,000 after buying an additional 876,182 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of T-Mobile US by 31,353.2% during the fourth quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider’s stock valued at $140,172,000 after buying an additional 633,021 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after buying an additional 602,786 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TMUS shares. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research report on Wednesday, March 5th. Sanford C. Bernstein started coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a research report on Thursday, December 12th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Oppenheimer increased their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $255.05.

T-Mobile US Stock Performance

TMUS opened at $259.25 on Thursday. The firm has a market capitalization of $296.00 billion, a PE ratio of 26.81, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $276.49. The firm has a 50 day moving average of $246.46 and a two-hundred day moving average of $229.77. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. T-Mobile US’s payout ratio is 36.40%.

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.