T-Mobile US (NASDAQ:TMUS) Shares Gap Down Following Insider Selling

Shares of T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) gapped down prior to trading on Tuesday following insider selling activity. The stock had previously closed at $230.99, but opened at $221.90. T-Mobile US shares last traded at $222.22, with a volume of 2,266,749 shares trading hands.

Specifically, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $230.16, for a total value of $16,074,374.40. Following the sale, the director now directly owns 588,274,099 shares in the company, valued at approximately $135,397,166,625.84. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $228.75, for a total value of $15,975,900.00. Following the transaction, the director now directly owns 588,413,779 shares of the company's stock, valued at $134,599,651,946.25. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent research reports. Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Scotiabank upgraded 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. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Stock Down 3.9%

The firm's 50-day moving average price is $245.97 and its two-hundred day moving average price is $243.71. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market cap of $252.11 billion, a PE ratio of 22.96, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. T-Mobile US's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. T-Mobile US's payout ratio is currently 34.34%.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently made changes to their positions in TMUS. Van ECK Associates Corp grew its holdings in shares of T-Mobile US by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider's stock worth $4,603,000 after acquiring an additional 625 shares during the period. Avantax Advisory Services Inc. grew its holdings in T-Mobile US by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock valued at $8,272,000 after purchasing an additional 1,859 shares during the last quarter. Burling Wealth Partners LLC acquired a new stake in T-Mobile US in the fourth quarter valued at $2,539,000. Tallon Kerry Patrick purchased a new position in shares of T-Mobile US in the fourth quarter valued at $2,138,000. Finally, Mizuho Securities USA LLC raised its stake in shares of T-Mobile US by 45.4% during the 4th quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock worth $10,197,000 after buying an additional 14,418 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

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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