Insider Selling: T-Mobile US (NASDAQ:TMUS) CAO Sells $137,670.76 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $176.26 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The stock’s fifty day moving average is $181.78 and its two-hundred day moving average is $190.21. The firm has a market capitalization of $189.07 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.34. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $242.37.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the prior year, the firm posted $2.84 earnings per share. T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.82 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on TMUS shares. UBS Group reduced their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of T-Mobile US in a research note on Friday, September 11th. Wells Fargo & Company decreased their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Benchmark lowered their price target on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in T-Mobile US in the second quarter valued at $6,625,275,000. State Street Corp boosted its position in shares of T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after purchasing an additional 1,047,624 shares during the period. Capital International Investors grew its stake in T-Mobile US by 8.2% during the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after buying an additional 1,121,409 shares during the last quarter. Invesco Ltd. increased its position in T-Mobile US by 10.5% during the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after buying an additional 827,381 shares during the period. Finally, Norges Bank purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $1,335,918,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.