Insider Selling: T-Mobile US (NASDAQ:TMUS) Director Sells 64,426 Shares of Stock

Key Points

• T-Mobile US Director Telekom Ag Deutsche sold 64,426 shares at an average price of $228.42, totaling approximately $14.72 million, which represents a minimal decrease in ownership of the company.
• The company recently announced an increase in its quarterly dividend to $1.02 from the previous $0.88, projecting a 1.8% dividend yield for shareholders.
• Several analysts have updated price targets for T-Mobile US, with Deutsche Bank raising its target from $280 to $300, reflecting a generally positive outlook on the stock's performance.

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) Director Telekom Ag Deutsche sold 64,426 shares of the firm's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $228.42, for a total transaction of $14,716,186.92. Following the completion of the transaction, the director directly owned 627,910,899 shares in the company, valued at $143,427,407,549.58. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, October 13th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The shares were sold at an average price of $226.15, for a total transaction of $14,569,939.90.
• On Wednesday, October 8th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42.
• On Monday, October 6th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was sold at an average price of $224.60, for a total transaction of $14,470,079.60.
• On Thursday, October 2nd, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was sold at an average price of $230.41, for a total transaction of $14,844,394.66.
• On Tuesday, September 30th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was sold at an average price of $239.54, for a total transaction of $15,432,604.04.
• On Monday, September 29th, Telekom Ag Deutsche sold 64,415 shares of T-Mobile US stock. The stock was sold at an average price of $238.11, for a total transaction of $15,337,855.65.
• On Thursday, September 25th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was sold at an average price of $238.98, for a total transaction of $15,396,525.48.
• On Tuesday, September 23rd, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was sold at an average price of $238.41, for a total transaction of $15,359,802.66.
• On Thursday, September 18th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was sold at an average price of $239.18, for a total transaction of $15,409,410.68.
• On Tuesday, September 16th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was sold at an average price of $237.65, for a total transaction of $15,310,838.90.

T-Mobile US Stock Performance

TMUS stock traded up $4.36 during mid-day trading on Tuesday, hitting $229.42. The company had a trading volume of 3,893,377 shares, compared to its average volume of 4,312,862. The firm has a market cap of $258.19 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock's fifty day moving average price is $242.85 and its two-hundred day moving average price is $242.34. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49.

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

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US's dividend payout ratio is 33.21%.

Analysts Set New Price Targets

TMUS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Wolfe Research reduced their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a research note on Tuesday, September 30th. Rothschild Redb raised shares of T-Mobile US to a "hold" rating in a research note on Tuesday, September 30th. BNP Paribas Exane boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $265.13.

Institutional Investors Weigh In On T-Mobile US

Hedge funds have recently made changes to their positions in the business. Activest Wealth Management lifted its holdings in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $25,000. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US in the 1st quarter worth approximately $29,000. TCTC Holdings LLC lifted its holdings in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 76 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

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.