Insider Selling: T-Mobile US, Inc. (NASDAQ:TMUS) Director Sells 1,000 Shares of Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the transaction, the director now owns 4,021 shares of the company’s stock, valued at $989,166. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

T-Mobile US Stock Performance

Shares of TMUS stock traded down $2.12 on Monday, reaching $244.82. The stock had a trading volume of 3,225,645 shares, compared to its average volume of 4,377,250. T-Mobile US, Inc. has a 12 month low of $151.38 and a 12 month high of $248.15. The firm has a market capitalization of $284.11 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.26 and a beta of 0.50. The firm’s 50-day moving average is $223.98 and its two-hundred day moving average is $198.25. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the prior year, the company earned $1.82 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts expect that T-Mobile US, Inc. will post 9.38 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, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 40.14%.

Institutional Trading of T-Mobile US

Several hedge funds and other institutional investors have recently modified their holdings of TMUS. Cetera Investment Advisers boosted its stake in T-Mobile US by 136.2% in the 1st quarter. Cetera Investment Advisers now owns 91,650 shares of the Wireless communications provider’s stock valued at $14,959,000 after purchasing an additional 52,844 shares during the period. Cetera Advisors LLC lifted its position in T-Mobile US by 158.8% during the first quarter. Cetera Advisors LLC now owns 29,608 shares of the Wireless communications provider’s stock worth $4,833,000 after purchasing an additional 18,169 shares during the period. EverSource Wealth Advisors LLC grew its stake in T-Mobile US by 62.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,044 shares of the Wireless communications provider’s stock worth $171,000 after buying an additional 401 shares in the last quarter. Transcend Capital Advisors LLC increased its holdings in T-Mobile US by 29.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 2,110 shares of the Wireless communications provider’s stock valued at $372,000 after buying an additional 479 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of T-Mobile US by 8.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,608 shares of the Wireless communications provider’s stock valued at $283,000 after buying an additional 126 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TMUS shares. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Evercore ISI boosted their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price target on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Raymond James downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Finally, Daiwa America upgraded T-Mobile US to a “hold” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $244.33.

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.