Optas LLC Has $832,000 Stake in T-Mobile US, Inc. $TMUS

Optas LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,493 shares of the Wireless communications provider’s stock after acquiring an additional 57 shares during the period. Optas LLC’s holdings in T-Mobile US were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Narwhal Capital Management grew its stake in T-Mobile US by 109.5% in the second quarter. Narwhal Capital Management now owns 3,384 shares of the Wireless communications provider’s stock valued at $806,000 after acquiring an additional 1,769 shares during the period. Castle Rock Wealth Management LLC acquired a new position in T-Mobile US in the second quarter valued at about $1,136,000. REAP Financial Group LLC grew its stake in T-Mobile US by 189.7% in the second quarter. REAP Financial Group LLC now owns 339 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 222 shares during the period. BankPlus Trust Department grew its stake in T-Mobile US by 2.0% in the second quarter. BankPlus Trust Department now owns 4,876 shares of the Wireless communications provider’s stock valued at $1,162,000 after acquiring an additional 95 shares during the period. Finally, SGL Investment Advisors Inc. grew its stake in T-Mobile US by 11.7% in the second quarter. SGL Investment Advisors Inc. now owns 4,344 shares of the Wireless communications provider’s stock valued at $1,025,000 after acquiring an additional 456 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

TMUS opened at $226.58 on Thursday. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The firm has a market capitalization of $255.00 billion, a PE ratio of 21.38, a PEG ratio of 1.46 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The business’s 50-day simple moving average is $243.77 and its 200 day simple moving average is $243.46.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. T-Mobile US’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.8%. T-Mobile US’s dividend payout ratio is currently 33.21%.

Analysts Set New Price Targets

TMUS has been the subject of several recent research reports. Wolfe Research reduced their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective for the company. Scotiabank upped their price objective on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Finally, Rothschild Redb raised T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $264.29.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $224.60, for a total transaction of $14,470,079.60. Following the sale, the director owned 628,168,603 shares in the company, valued at approximately $141,086,668,233.80. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 2,504,415 shares of company stock worth $604,166,102 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

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.