Polar Asset Management Partners Inc. Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Polar Asset Management Partners Inc. purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 83,500 shares of the Wireless communications provider’s stock, valued at approximately $17,231,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. Legal & General Group Plc lifted its position in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in T-Mobile US during the 3rd quarter worth approximately $53,844,000. International Assets Investment Management LLC lifted its holdings in shares of T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares during the period. Finally, Distillate Capital Partners LLC acquired a new stake in T-Mobile US during the 2nd quarter worth about $41,860,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares in the company, valued at $24,571,741.10. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 342,750 shares of company stock worth $73,356,824. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TMUS. The Goldman Sachs Group increased their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Tigress Financial increased their target price on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. UBS Group increased their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Benchmark upped their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.33.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $244.85 on Wednesday. The firm has a market capitalization of $284.15 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.25 and a beta of 0.53. The firm’s 50-day moving average price is $225.69 and its 200-day moving average price is $199.40. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 1-year low of $151.38 and a 1-year high of $248.15.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.38 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 paid a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.44%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

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.