T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Decreased by Optas LLC

Optas LLC lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,346 shares of the Wireless communications provider’s stock after selling 296 shares during the period. Optas LLC’s holdings in T-Mobile US were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TMUS. Financial Life Planners purchased a new stake in shares of T-Mobile US during the fourth quarter worth $29,000. Rice Partnership LLC bought a new position in T-Mobile US during the fourth quarter valued at about $7,678,000. Resonant Capital Advisors LLC raised its holdings in T-Mobile US by 3.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,488 shares of the Wireless communications provider’s stock valued at $328,000 after buying an additional 52 shares in the last quarter. Brentview Investment Management LLC bought a new position in T-Mobile US during the fourth quarter valued at about $5,298,000. Finally, Catalina Capital Group LLC raised its holdings in T-Mobile US by 5.8% during the fourth quarter. Catalina Capital Group LLC now owns 2,113 shares of the Wireless communications provider’s stock valued at $466,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $1,015,300. This represents a 71.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 34,200 shares of company stock valued at $8,063,303 in the last three months. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TMUS shares. Tigress Financial raised their price target on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on T-Mobile US from $220.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. TD Cowen lifted their target price 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. Finally, Morgan Stanley initiated coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $251.26.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $238.10 on Tuesday. The firm has a market cap of $276.31 billion, a PE ratio of 24.62, a PEG ratio of 1.38 and a beta of 0.56. 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, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15. The company has a fifty day moving average price of $226.22 and a 200 day moving average price of $213.75.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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%. Research analysts predict that T-Mobile US, Inc. will post 10.18 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.48%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

T-Mobile US 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.