Optimize Financial Inc Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Optimize Financial Inc purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,053 shares of the Wireless communications provider's stock, valued at approximately $1,115,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of 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 worth $408,297,000 after buying an additional 47,350 shares during the period. Barclays PLC lifted its position in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Sunbelt Securities Inc. raised its stake in T-Mobile US by 23.2% in the third quarter. Sunbelt Securities Inc. now owns 812 shares of the Wireless communications provider's stock valued at $168,000 after buying an additional 153 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in T-Mobile US by 3.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 6,619 shares of the Wireless communications provider's stock worth $1,366,000 after buying an additional 190 shares during the last quarter. Finally, Passumpsic Savings Bank acquired a new position in shares of T-Mobile US during the 3rd quarter worth about $2,634,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research firms recently weighed in on TMUS. Scotiabank boosted their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Bank of America increased their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $256.80.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $4.07 during mid-day trading on Tuesday, hitting $266.71. 3,129,798 shares of the company were exchanged, compared to its average volume of 4,234,694. The stock has a 50 day simple moving average of $261.08 and a 200-day simple moving average of $238.12. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market cap of $304.51 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is presently 36.40%.

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.