Investors Buy High Volume of Put Options on T-Mobile US (NASDAQ:TMUS)

T-Mobile US, Inc. (NASDAQ:TMUS) saw some unusual options trading activity on Tuesday. Traders bought 24,220 put options on the company. This is an increase of approximately 131% compared to the typical volume of 10,463 put options.

T-Mobile US Trading Up 0.6%

NASDAQ TMUS opened at $198.81 on Thursday. T-Mobile US has a 1 year low of $194.01 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The company has a market capitalization of $222.37 billion, a PE ratio of 19.12, a P/E/G ratio of 1.27 and a beta of 0.44. The company has a fifty day moving average of $209.09 and a 200 day moving average of $228.10.

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 for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the business posted $2.61 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Research analysts forecast that T-Mobile US will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

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

Analyst Ratings Changes

TMUS has been the topic of several recent analyst reports. Barclays cut their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Tigress Financial raised 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. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a report on Monday, December 15th. Finally, Cowen reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.17.

Insider Buying and Selling

In other T-Mobile US news, CEO Srini Gopalan purchased 9,800 shares of T-Mobile US stock in a transaction dated Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the transaction, the chief executive officer owned 90,258 shares in the company, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the sale, the director directly owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. The trade was a 0.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 915,016 shares of company stock valued at $208,006,290 over the last quarter. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several large investors have recently made changes to their positions in TMUS. Allworth Financial LP raised its position in shares of T-Mobile US by 14.2% in the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after buying an additional 810 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in T-Mobile US during the 2nd quarter valued at about $284,000. Berkshire Bank grew its stake in T-Mobile US by 12.5% during the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after acquiring an additional 1,400 shares in the last quarter. Associated Banc Corp raised its holdings in T-Mobile US by 50.6% in the 2nd quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock valued at $6,172,000 after acquiring an additional 8,700 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its stake in T-Mobile US by 930.5% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock worth $46,524,000 after purchasing an additional 176,319 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Company Profile

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.