Acorn Creek Capital LLC Acquires New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Acorn Creek Capital LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,080 shares of the Wireless communications provider’s stock, valued at approximately $238,000.

Other hedge funds have also added to or reduced their stakes in the company. BankPlus Wealth Management LLC bought a new stake in shares of T-Mobile US in the fourth quarter worth $380,000. Nilsine Partners LLC boosted its position in T-Mobile US by 89.1% in the fourth quarter. Nilsine Partners LLC now owns 5,623 shares of the Wireless communications provider’s stock worth $1,241,000 after purchasing an additional 2,650 shares during the last quarter. Berkshire Bank grew its stake in shares of T-Mobile US by 4.2% during the 4th quarter. Berkshire Bank now owns 10,741 shares of the Wireless communications provider’s stock valued at $2,371,000 after purchasing an additional 433 shares during the period. Lebenthal Global Advisors LLC increased its position in shares of T-Mobile US by 4.2% during the 4th quarter. Lebenthal Global Advisors LLC now owns 4,983 shares of the Wireless communications provider’s stock valued at $1,100,000 after purchasing an additional 200 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of T-Mobile US by 57.3% in the 4th quarter. KBC Group NV now owns 166,831 shares of the Wireless communications provider’s stock worth $36,825,000 after purchasing an additional 60,760 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TMUS shares. Daiwa America raised shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. TD Cowen upped their price target on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Oppenheimer raised their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $245.74.

Insider Activity

In other news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,200 shares of company stock valued at $32,736,303. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Up 1.3 %

Shares of NASDAQ:TMUS opened at $221.43 on Tuesday. The company has a 50-day moving average price of $226.93 and a 200 day moving average price of $212.07. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15. The company has a market cap of $256.97 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.08 and a beta of 0.56.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

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.