Srini Gopalan Purchases 9,800 Shares of T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) CEO Srini Gopalan purchased 9,800 shares of the stock in a transaction dated Thursday, November 6th. The stock was purchased 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 in the company, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

T-Mobile US Stock Performance

T-Mobile US stock traded down $1.13 during mid-day trading on Monday, reaching $205.87. The company’s stock had a trading volume of 4,051,613 shares, compared to its average volume of 4,398,431. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a twelve month low of $199.41 and a twelve month high of $276.49. The business has a 50 day moving average price of $230.49 and a 200-day moving average price of $236.89. The firm has a market cap of $230.27 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last announced 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. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.61 EPS. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s payout ratio is currently 39.23%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Activest Wealth Management raised 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 valued at $25,000 after purchasing an additional 94 shares during the period. Howard Hughes Medical Institute acquired a new position in T-Mobile US in the 2nd quarter valued at $25,000. United Community Bank raised its holdings in T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares during the period. Stone House Investment Management LLC acquired a new position in T-Mobile US during the 1st quarter worth $29,000. Finally, TCTC Holdings LLC boosted its holdings in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TMUS. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Wolfe Research cut their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Finally, The Goldman Sachs Group started coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $266.63.

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.