T-Mobile US, Inc. (NASDAQ:TMUS) CFO Peter Osvaldik Sells 20,000 Shares of Stock

T-Mobile US, Inc. (NASDAQ:TMUS) CFO Peter Osvaldik sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the sale, the chief financial officer now owns 61,307 shares of the company’s stock, valued at $14,318,249.85. This represents a 0.00 % 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 Trading Down 0.8 %

Shares of TMUS opened at $226.05 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 1-year low of $139.47 and a 1-year high of $234.56. The stock has a market capitalization of $264.90 billion, a P/E ratio of 30.76, a P/E/G ratio of 1.15 and a beta of 0.51. The business’s 50-day moving average price is $207.32 and its 200 day moving average price is $186.51.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s revenue for the quarter 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. Analysts expect that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. T-Mobile US’s payout ratio is presently 47.89%.

Analyst Ratings Changes

A number of brokerages have issued reports on TMUS. TD Cowen upped their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer boosted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Citigroup boosted their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Bank of America boosted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and a consensus price target of $241.83.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently modified their holdings of TMUS. Vanguard Group Inc. increased its position in T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the last quarter. Legal & General Group Plc raised 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 in the last quarter. Dimensional Fund Advisors LP grew its position in T-Mobile US by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after acquiring an additional 184,059 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares during the last quarter. Finally, Boston Partners boosted its holdings in T-Mobile US by 1.1% in the first quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after purchasing an additional 28,045 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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.