Occudo Quantitative Strategies LP Makes New $5.15 Million Investment in T-Mobile US, Inc. $TMUS

Occudo Quantitative Strategies LP purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,606 shares of the Wireless communications provider’s stock, valued at approximately $5,148,000.

A number of other large investors have also added to or reduced their stakes in TMUS. Weaver Capital Management LLC grew its holdings in T-Mobile US by 0.6% during the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after acquiring an additional 42 shares during the last quarter. Haven Private LLC lifted its holdings in shares of T-Mobile US by 1.3% during the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after purchasing an additional 42 shares during the period. Bank of Stockton grew its stake in shares of T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after purchasing an additional 44 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in T-Mobile US by 0.9% in the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock valued at $1,183,000 after purchasing an additional 45 shares during the period. Finally, Cetera Trust Company N.A raised its position in T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Srini Gopalan acquired 9,800 shares of T-Mobile US stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the acquisition, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was 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 90 days, insiders have sold 1,237,172 shares of company stock valued at $284,993,242. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 0.0%

NASDAQ:TMUS opened at $195.33 on Friday. T-Mobile US, Inc. has a 12 month low of $194.65 and a 12 month high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $218.48 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.25 and a beta of 0.44. The firm has a fifty day simple moving average of $214.44 and a two-hundred day simple moving average of $231.04.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.61 EPS. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Hsbc Global Res upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Argus decreased their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $250.00 to $260.00 in a report on Thursday, October 16th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $265.17.

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.