T-Mobile US, Inc. (NASDAQ:TMUS) EVP Mark Wolfe Nelson Sells 42,769 Shares of Stock

T-Mobile US, Inc. (NASDAQ:TMUS) EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $223.21 on Friday. The company has a market cap of $261.57 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a twelve month low of $136.85 and a twelve month high of $223.45. The company’s 50-day moving average price is $203.23 and its 200-day moving average price is $183.05. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 47.89%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. WASHINGTON TRUST Co increased its position in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US in the second quarter valued at approximately $27,000. Westside Investment Management Inc. grew its position in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in T-Mobile US during the second quarter worth $30,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TMUS shares. Raymond James downgraded shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $208.00 to $221.00 in a report on Wednesday, October 2nd. Benchmark raised their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Morgan Stanley upped their price target on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Evercore ISI raised their price objective on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada upped their target price on T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has an average rating of “Buy” and a consensus target price of $217.50.

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.