5,860 Shares in T-Mobile US, Inc. $TMUS Purchased by Optimize Financial Inc

Optimize Financial Inc bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,860 shares of the Wireless communications provider’s stock, valued at approximately $1,403,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC grew its holdings in shares of T-Mobile US by 39.7% during the second quarter. Ameritas Advisory Services LLC now owns 1,334 shares of the Wireless communications provider’s stock worth $318,000 after purchasing an additional 379 shares in the last quarter. Simplicity Wealth LLC raised its stake in T-Mobile US by 117.3% in the second quarter. Simplicity Wealth LLC now owns 1,858 shares of the Wireless communications provider’s stock valued at $443,000 after purchasing an additional 1,003 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in T-Mobile US by 2.8% during the second quarter. Valeo Financial Advisors LLC now owns 7,712 shares of the Wireless communications provider’s stock valued at $1,837,000 after purchasing an additional 210 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in T-Mobile US by 5.4% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 1,452 shares of the Wireless communications provider’s stock worth $346,000 after buying an additional 74 shares in the last quarter. Finally, Capital Advisors Inc. OK grew its stake in T-Mobile US by 199.3% in the 2nd quarter. Capital Advisors Inc. OK now owns 3,008 shares of the Wireless communications provider’s stock worth $717,000 after buying an additional 2,003 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director directly owned 5,438 shares in the company, valued at $1,143,720.16. This trade represents a 21.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Srini Gopalan purchased 9,800 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the purchase, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 51,457 shares of company stock valued at $11,149,636. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TMUS shares. Tigress Financial increased their price target on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. BNP Paribas Exane cut their target price on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Wolfe Research reduced their target price on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. The Goldman Sachs Group dropped their price target on T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a research note on Friday, December 12th. Finally, Sanford C. Bernstein cut their price objective on T-Mobile US from $265.00 to $245.00 and set a “market perform” rating for the company in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.58.

T-Mobile US Stock Performance

T-Mobile US stock opened at $197.68 on Wednesday. The firm has a fifty day simple moving average of $197.33 and a two-hundred day simple moving average of $220.53. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The company has a market capitalization of $221.11 billion, a PE ratio of 19.01, a P/E/G ratio of 1.08 and a beta of 0.44.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s dividend payout ratio is currently 39.23%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.