T-Mobile US, Inc. (NASDAQ:TMUS) Insider Jon Freier Sells 7,000 Shares

Key Points

• Jon Freier, an insider at T-Mobile US, sold 7,000 shares at an average price of $250.00, totaling $1,750,000, resulting in a 3.39% reduction of their ownership.
• T-Mobile US reported $2.84 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, with revenue reaching $21.13 billion, a 6.9% year-over-year increase.
• The company is set to pay a quarterly dividend of $0.88 per share on September 11th, reflecting a 1.48% yield based on an annualized rate.

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) insider Jon Freier sold 7,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $250.00, for a total value of $1,750,000.00. Following the sale, the insider owned 199,643 shares of the company's stock, valued at $49,910,750. This represents a 3.39% 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.

T-Mobile US Price Performance

TMUS traded down $5.36 on Monday, reaching $238.19. The company had a trading volume of 3,702,649 shares, compared to its average volume of 4,382,313. The business has a 50 day simple moving average of $235.19 and a 200 day simple moving average of $244.86. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. 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 market cap of $268.06 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 1.33 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the previous year, the company earned $2.49 earnings per share. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.48%. T-Mobile US's dividend payout ratio is 33.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Activest Wealth Management raised its stake in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 94 shares during the period. Godsey & Gibb Inc. boosted its holdings in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the last quarter. Missouri Trust & Investment Co boosted its stake in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 105 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $29,000. Finally, TCTC Holdings LLC boosted its holdings in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of several research analyst reports. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Morgan Stanley increased 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. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. One equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $256.31.

About T-Mobile US

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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