T-Mobile US (NASDAQ:TMUS) COO Sells $911,810.00 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) COO Jon Freier sold 4,799 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

T-Mobile US Price Performance

Shares of TMUS stock opened at $189.01 on Friday. The stock has a market cap of $204.55 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.11 and a beta of 0.33. The business’s fifty day moving average is $196.71 and its 200 day moving average is $201.83. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $261.56. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the prior year, the firm posted $2.58 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio is currently 43.40%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of T-Mobile US by 1.5% during the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after purchasing an additional 636,192 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after acquiring an additional 6,516,968 shares during the period. State Street Corp lifted its holdings in T-Mobile US by 4.3% in the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after acquiring an additional 1,047,624 shares during the period. Capital International Investors lifted its holdings in T-Mobile US by 8.2% in the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after acquiring an additional 1,121,409 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile announced a multi-year partnership with the USGA, making it the Official 5G Network Partner for major championships and showcasing its network capabilities. T-Mobile Brings America’s Best Network to the USGA
• Neutral Sentiment: An industry article suggested T-Mobile’s joint venture with AT&T and Verizon to improve direct-to-device coverage could also create opportunities for AST SpaceMobile, but the impact on TMUS itself appears indirect. AST SpaceMobile Could Benefit From A Major Telecom Industry Initiative
• Negative Sentiment: Reports about store closures, layoffs, and a controversial internal memo may reinforce concerns that T-Mobile’s digital-first transition could pressure customer service or create execution risk. T-Mobile quietly makes significant store changes after layoffs
• Negative Sentiment: Insider selling by COO Jon Freier, while pre-planned under a 10b5-1 program, can still weigh on sentiment in the near term. T-Mobile US COO Sells $911,810.00 in Stock

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their target price on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 target price on the stock in a research note on Monday, April 13th. Barclays reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of T-Mobile US in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $260.48.

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.