T-Mobile US (NASDAQ:TMUS) Insider Sells $539,775.00 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) insider Michael Katz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

T-Mobile US Price Performance

NASDAQ:TMUS traded down $1.81 during trading hours on Wednesday, reaching $211.27. 3,682,925 shares of the company traded hands, compared to its average volume of 4,422,318. T-Mobile US, Inc. has a 1-year low of $199.41 and a 1-year high of $276.49. The stock has a market cap of $236.31 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.51 and a beta of 0.57. The firm’s 50-day moving average is $225.27 and its 200-day moving average is $235.30. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS 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 for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the company earned $2.61 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s payout ratio is presently 39.23%.

Institutional Trading of T-Mobile US

Institutional investors and hedge funds have recently bought and sold shares of the business. Activest Wealth Management increased its position in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in T-Mobile US in the 2nd quarter valued at $25,000. United Community Bank raised its position in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Missouri Trust & Investment Co lifted its stake in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its position in shares of T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TMUS shares. Hsbc Global Res upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Scotiabank lifted their price target on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. TD Cowen dropped their price objective on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research note on Friday, October 24th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $266.83.

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.