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

Key Points

• Telekom Ag Deutsche, a director at T-Mobile US, sold 64,426 shares of the company's stock on October 22, 2023, for a total of approximately $14.57 million, reducing their ownership by 0.01% to a total of around 582 million shares.
• T-Mobile US reported a Q3 earnings per share of $2.41, beating analysts' expectations, and posted a revenue of $21.96 billion, marking an 8.9% increase year-over-year.
• The company has announced a dividend increase to $1.02 per share, payable on December 11th, representing a yield of 1.9% and a payout ratio of 33.21%.

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the transaction, the director owned 582,220,759 shares of the company's stock, valued at approximately $131,680,869,063.03. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 20th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was sold at an average price of $228.85, for a total transaction of $14,743,890.10.
• On Friday, October 17th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The shares were sold at an average price of $228.57, for a total transaction of $14,725,850.82.
• On Wednesday, October 15th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The shares were sold at an average price of $227.75, for a total transaction of $14,673,021.50.
• 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 value of $14,569,939.90.
• On Friday, October 10th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The shares were sold at an average price of $228.42, for a total value of $14,716,186.92.
• On Wednesday, October 8th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was 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 shares were sold at an average price of $224.60, for a total value 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 value of $15,337,855.65.

T-Mobile US Trading Down 3.3%

TMUS traded down $7.41 during trading on Thursday, hitting $219.99. The company's stock had a trading volume of 9,565,664 shares, compared to its average volume of 4,313,212. The firm has a market capitalization of $247.58 billion, a P/E ratio of 20.75, a PEG ratio of 1.57 and a beta of 0.59. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The stock's fifty day moving average price is $240.64 and its 200-day moving average price is $241.04. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.61 EPS. Analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's payout ratio is 33.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TMUS. Vanguard Group Inc. grew its stake in shares of T-Mobile US by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider's stock worth $10,045,252,000 after acquiring an additional 215,711 shares during the period. State Street Corp boosted its position in T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider's stock worth $5,513,650,000 after purchasing an additional 994,740 shares during the period. Wellington Management Group LLP boosted its position in T-Mobile US by 1.7% during the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after purchasing an additional 214,224 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of T-Mobile US by 5.2% in the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider's stock worth $1,500,784,000 after purchasing an additional 309,922 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of T-Mobile US in a research note on Wednesday, October 8th. Benchmark raised their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, October 10th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Morgan Stanley raised their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Wells Fargo & Company raised T-Mobile US from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $250.00 to $260.00 in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $266.17.

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.

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