T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Arvest Investments Inc.

Arvest Investments Inc. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,828 shares of the Wireless communications provider’s stock after purchasing an additional 103 shares during the quarter. Arvest Investments Inc.’s holdings in T-Mobile US were worth $1,066,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TMUS. Harvest Fund Management Co. Ltd lifted its holdings in T-Mobile US by 25.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 74,715 shares of the Wireless communications provider’s stock valued at $16,492,000 after purchasing an additional 15,066 shares in the last quarter. Vinva Investment Management Ltd lifted its holdings in T-Mobile US by 186.6% in the 4th quarter. Vinva Investment Management Ltd now owns 17,393 shares of the Wireless communications provider’s stock valued at $3,838,000 after purchasing an additional 11,325 shares in the last quarter. Xponance Inc. lifted its holdings in T-Mobile US by 1.3% in the 4th quarter. Xponance Inc. now owns 70,442 shares of the Wireless communications provider’s stock valued at $15,549,000 after purchasing an additional 873 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in T-Mobile US in the 4th quarter valued at $3,453,000. Finally, Evoke Wealth LLC lifted its holdings in T-Mobile US by 3.2% in the 4th quarter. Evoke Wealth LLC now owns 1,561 shares of the Wireless communications provider’s stock valued at $345,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.6 %

Shares of NASDAQ:TMUS opened at $259.25 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $296.00 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The firm’s 50-day moving average is $246.46 and its two-hundred day moving average is $229.77. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (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%. Analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend 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%.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TMUS. Scotiabank raised their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Sanford C. Bernstein began coverage on T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Finally, Morgan Stanley began coverage on T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $255.05.

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.