Insider Selling: T-Mobile US (NASDAQ:TMUS) CAO Sells 772 Shares

Key Points

• T-Mobile CAO Daniel James Drobac sold 772 shares at an average price of $178.33, generating $137,670.76 and reducing his holdings by 2.15% to 35,118 shares.
• T-Mobile shares traded at $182.90, while the company reported quarterly EPS of $2.99, exceeding estimates of $2.59; revenue rose 7.9% year over year to $22.79 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08, and institutional investors and hedge funds own 42.49% of the company.

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) CAO Daniel James Drobac sold 772 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

T-Mobile US Stock Performance

T-Mobile US stock traded up $0.57 during trading hours on Monday, hitting $182.90. 2,836,526 shares of the stock traded hands, compared to its average volume of 3,845,992. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $244.24. The stock has a market capitalization of $196.19 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.17 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm's 50 day moving average price is $181.94 and its 200-day moving average price is $190.74.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the prior year, the firm earned $2.84 earnings per share. T-Mobile US's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Friday, July 24th. Morgan Stanley cut their price target on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, July 7th. TD Cowen cut their price objective on T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Benchmark reduced their target price on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Finally, Scotiabank lowered their target price on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $252.08.

Institutional Trading of T-Mobile US

Hedge funds have recently bought and sold shares of the company. Talon Private Wealth LLC boosted its holdings in shares of T-Mobile US by 45.3% in the 2nd quarter. Talon Private Wealth LLC now owns 12,563 shares of the Wireless communications provider's stock valued at $2,107,000 after purchasing an additional 3,917 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in T-Mobile US by 21.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,454 shares of the Wireless communications provider's stock worth $3,766,000 after buying an additional 3,916 shares in the last quarter. National Pension Service lifted its stake in shares of T-Mobile US by 2.3% in the second quarter. National Pension Service now owns 1,272,702 shares of the Wireless communications provider's stock worth $213,470,000 after acquiring an additional 28,413 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of T-Mobile US by 21.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 3,875 shares of the Wireless communications provider's stock valued at $650,000 after buying an additional 695 shares during the last quarter. Finally, Plimoth Trust Co. LLC raised its stake in shares of T-Mobile US by 7.6% in the 2nd quarter. Plimoth Trust Co. LLC now owns 15,925 shares of the Wireless communications provider's stock valued at $2,671,000 after purchasing an additional 1,120 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Company Profile

T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

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