Telekom Ag Deutsche Sells 64,426 Shares of T-Mobile US (NASDAQ:TMUS) Stock

Key Points

• Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock on September 30, 2023, for a total of $15,432,604.04, reducing their ownership by 0.01% to approximately $151.9 billion.
• T-Mobile US has announced a quarterly dividend of $1.02, an increase from the previous $0.88, with an anticipated yield of 1.8% for shareholders of record on November 26.
• Despite recent declines, analysts have raised their target prices for T-Mobile US, with Deutsche Bank increasing its target from $280 to $300, reflecting a strong overall market sentiment around the company's equity.

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $239.54, for a total transaction of $15,432,604.04. Following the completion of the sale, the director owned 634,112,640 shares of the company's stock, valued at approximately $151,895,341,785.60. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, September 29th, Telekom Ag Deutsche sold 64,415 shares of T-Mobile US stock. The shares were sold at an average price of $238.11, for a total value of $15,337,855.65.
• On Thursday, September 25th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The shares were sold at an average price of $238.98, for a total value of $15,396,525.48.
• On Tuesday, September 23rd, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The shares were 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 shares were 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.
• On Monday, September 15th, Telekom Ag Deutsche sold 64,452 shares of T-Mobile US stock. The stock was sold at an average price of $240.65, for a total transaction of $15,510,373.80.
• On Friday, September 12th, Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock. The stock was sold at an average price of $241.65, for a total transaction of $15,568,542.90.
• On Wednesday, September 10th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The shares were sold at an average price of $240.08, for a total transaction of $16,767,187.20.
• On Monday, September 8th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The shares were sold at an average price of $243.47, for a total transaction of $17,003,944.80.
• On Thursday, September 4th, Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock. The stock was sold at an average price of $252.94, for a total transaction of $17,665,329.60.

T-Mobile US Trading Down 1.3%

Shares of NASDAQ:TMUS traded down $3.12 during mid-day trading on Thursday, reaching $230.14. 4,324,003 shares of the company's stock were exchanged, compared to its average volume of 4,292,400. The firm has a market capitalization of $259.00 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.31 and a beta of 0.59. The business's fifty day moving average price is $245.18 and its 200-day moving average price is $244.51. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a twelve month low of $206.18 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the business earned $2.49 earnings per share. T-Mobile US's revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Royal Bank Of Canada raised their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Moffett Nathanson raised their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a report on Thursday. 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 report on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $262.50.

Institutional Trading of T-Mobile US

Institutional investors and hedge funds have recently made changes to their positions in the stock. Activest Wealth Management grew its holdings in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Howard Hughes Medical Institute bought a new position in shares of T-Mobile US during the 2nd quarter valued at $25,000. Godsey & Gibb Inc. grew its holdings in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the last quarter. Missouri Trust & Investment Co grew its holdings in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Finally, Stone House Investment Management LLC bought a new stake in T-Mobile US in the 1st quarter worth $29,000. 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.

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.