T-Mobile US, Inc. (NASDAQ:TMUS) Insider Sells $532,770.00 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $178.46 on Friday. The stock has a market cap of $209.13 billion, a P/E ratio of 24.28, a P/E/G ratio of 0.70 and a beta of 0.51. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $182.67. The stock has a 50 day moving average of $170.80 and a two-hundred day moving average of $164.95. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. T-Mobile US’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts forecast that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.46%. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. TD Cowen dropped their target price on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Bank of America lifted their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. StockNews.com downgraded T-Mobile US from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Oppenheimer restated an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $190.79.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors have recently added to or reduced their stakes in TMUS. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US in the 4th quarter valued at approximately $27,000. Valley National Advisers Inc. grew its position in T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares during the last quarter. Westside Investment Management Inc. increased its stake in T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares during the period. Baker Avenue Asset Management LP raised its position in T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 81 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.