Acorn Creek Capital LLC Invests $238,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Acorn Creek Capital LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,080 shares of the Wireless communications provider’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of T-Mobile US by 4.0% in 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 purchasing an additional 602,786 shares during the period. FMR LLC grew its holdings in T-Mobile US by 13.4% during the 3rd 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 in the last quarter. Franklin Resources Inc. increased its position in shares of T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after buying an additional 590,711 shares during the period. Barclays PLC boosted its position in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the period. Finally, Principal Financial Group Inc. grew its stake in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after acquiring an additional 47,350 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In other news, EVP Nestor Cano sold 11,100 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $1,015,300. This represents a 71.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock valued at $32,736,303 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 1.3 %

Shares of NASDAQ TMUS opened at $221.43 on Tuesday. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a 50-day moving average of $226.93 and a 200 day moving average of $212.07. The stock has a market cap of $256.97 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. T-Mobile US’s payout ratio is currently 40.14%.

Analyst Ratings Changes

A number of research analysts have recently commented on TMUS shares. UBS Group boosted their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Tigress Financial increased their price target on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price for the company. Finally, TD Cowen upped their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

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.