Insider Selling: T-Mobile US, Inc. (NASDAQ:TMUS) Director Sells 69,840 Shares of Stock

Key Points

• Telekom Ag Deutsche, a director at T-Mobile US, sold 69,840 shares of stock on July 30th for a total of $16,837,027.20, decreasing their ownership by 0.01%.
• Following the sale, the stock price of T-Mobile US has declined 1.3%, reaching $238.41 during trading.
• T-Mobile US recently reported better-than-expected quarterly earnings, with $2.84 earnings per share and revenue of $21.13 billion, exceeding analysts' expectations.

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $241.08, for a total value of $16,837,027.20. Following the completion of the sale, the director owned 646,473,564 shares of the company's stock, valued at $155,851,846,809.12. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Telekom Ag Deutsche also recently made the following trade(s):

• On Monday, July 28th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The shares were sold at an average price of $238.61, for a total value of $16,664,522.40.
• On Friday, July 25th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The shares were sold at an average price of $244.98, for a total value of $17,109,403.20.
• On Wednesday, July 23rd, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20.
• On Monday, July 21st, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The shares were sold at an average price of $232.58, for a total value of $16,243,387.20.
• On Friday, July 18th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The stock was sold at an average price of $227.13, for a total transaction of $15,862,759.20.
• On Wednesday, July 16th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The stock was sold at an average price of $228.28, for a total transaction of $15,943,075.20.
• On Monday, July 14th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The stock was sold at an average price of $228.34, for a total transaction of $15,947,265.60.
• On Monday, July 14th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The shares were sold at an average price of $228.34, for a total transaction of $15,947,265.60.
• On Wednesday, July 9th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The stock was sold at an average price of $232.27, for a total transaction of $16,221,736.80.
• On Friday, July 11th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The shares were sold at an average price of $227.55, for a total transaction of $15,892,092.00.

T-Mobile US Trading Down 1.3%

NASDAQ TMUS traded down $3.17 during mid-day trading on Thursday, reaching $238.41. 4,075,941 shares of the stock were exchanged, compared to its average volume of 3,976,442. The stock has a market capitalization of $268.31 billion, a PE ratio of 22.79, a PEG ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 1-year low of $176.89 and a 1-year high of $276.49. The business's fifty day simple moving average is $235.05 and its 200 day simple moving average is $244.98.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.49 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

Several analysts have recently commented on TMUS shares. Morgan Stanley raised their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Bank of America began coverage on shares of T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $256.31.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently bought and sold shares of TMUS. GAMMA Investing LLC grew its stake in shares of T-Mobile US by 29,289.4% during the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after buying an additional 3,043,173 shares during the period. Canada Pension Plan Investment Board boosted its holdings in T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares during the last quarter. Nuveen LLC purchased a new stake in T-Mobile US during the first quarter valued at about $618,248,000. Capital International Investors increased its stake in T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of T-Mobile US by 518.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock worth $329,733,000 after purchasing an additional 1,160,275 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.