T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) insider Michael Katz sold 2,500 shares of T-Mobile US stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $251.12, for a total value of $627,800.00. Following the completion of the transaction, the insider owned 158,703 shares of the company's stock, valued at approximately $39,853,497.36. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
T-Mobile US Stock Up 1.2%
NASDAQ TMUS traded up $3.04 on Tuesday, reaching $258.22. 3,640,909 shares of the stock traded hands, compared to its average volume of 4,330,254. 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 company has a fifty day moving average price of $235.93 and a 200-day moving average price of $247.58. The company has a market cap of $290.61 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.39 and a beta of 0.62. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during 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 firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.49 EPS. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.
T-Mobile US Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 33.21%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on TMUS. KeyCorp reissued an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Morgan Stanley upped their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $256.31.
Check Out Our Latest Stock Analysis on T-Mobile US
Hedge Funds Weigh In On T-Mobile US
Hedge funds have recently bought and sold shares of the business. Ancora Advisors LLC lifted its position in shares of T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after acquiring an additional 37 shares in the last quarter. Snowden Capital Advisors LLC increased its stake in T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after acquiring an additional 40 shares during the last quarter. Financial Management Professionals Inc. boosted its position in shares of T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after buying an additional 41 shares during the period. Hohimer Wealth Management LLC boosted its position in shares of T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after buying an additional 41 shares during the period. Finally, Journey Strategic Wealth LLC boosted its holdings in T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.
T-Mobile US Company Profile
(
Get Free Report)
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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