T-Mobile US (NASDAQ:TMUS) Shares Gap Down – Time to Sell?

T-Mobile US, Inc. (NASDAQ:TMUS) gapped down before the market opened on Monday . The stock had previously closed at $219.11, but opened at $213.45. T-Mobile US shares last traded at $211.28, with a volume of 523,839 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America boosted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Oppenheimer boosted their price objective on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company lowered T-Mobile US from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $240.00 to $220.00 in a research note on Monday. Royal Bank of Canada downgraded shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $255.00 to $240.00 in a research report on Monday. Finally, Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Price Performance

The company’s 50 day simple moving average is $230.95 and its 200 day simple moving average is $208.61. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The stock has a market cap of $250.11 billion, a P/E ratio of 24.57, a P/E/G ratio of 1.18 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the business posted $1.82 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.63%. T-Mobile US’s payout ratio is 40.14%.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 110,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the transaction, the director now directly owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 40.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,969 shares of company stock worth $46,656,527. Company insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC increased its position in shares of T-Mobile US by 2.9% during the 2nd quarter. Private Advisor Group LLC now owns 22,643 shares of the Wireless communications provider’s stock worth $3,989,000 after purchasing an additional 633 shares during the last quarter. Savant Capital LLC raised its position in T-Mobile US by 16.3% during the second quarter. Savant Capital LLC now owns 8,637 shares of the Wireless communications provider’s stock worth $1,522,000 after acquiring an additional 1,209 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in T-Mobile US in the second quarter valued at $95,000. PFG Investments LLC bought a new position in shares of T-Mobile US in the 2nd quarter valued at about $220,000. Finally, Prudential PLC increased its stake in shares of T-Mobile US by 40.3% during the 2nd quarter. Prudential PLC now owns 26,998 shares of the Wireless communications provider’s stock worth $4,757,000 after purchasing an additional 7,753 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.