G Michael Sievert Sells 20,000 Shares of T-Mobile US, Inc. (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $1.88 during trading on Wednesday, reaching $240.88. The company had a trading volume of 3,819,976 shares, compared to its average volume of 4,445,429. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock has a market cap of $279.54 billion, a PE ratio of 27.41, a PEG ratio of 1.22 and a beta of 0.50. The business’s 50 day moving average price is $213.37 and its 200-day moving average price is $191.28. T-Mobile US, Inc. has a 52 week low of $145.77 and a 52 week high of $241.09.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 earnings per share. Analysts expect that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Analysts Set New Price Targets

Several equities analysts have commented on TMUS shares. Citigroup increased their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Evercore ISI boosted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada raised their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Institutional Trading of T-Mobile US

Institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised its position in shares of T-Mobile US by 20.6% in the 1st quarter. Empowered Funds LLC now owns 9,352 shares of the Wireless communications provider’s stock valued at $1,526,000 after acquiring an additional 1,596 shares during the period. Bleakley Financial Group LLC boosted its position in shares of T-Mobile US by 1.0% during the first quarter. Bleakley Financial Group LLC now owns 8,837 shares of the Wireless communications provider’s stock worth $1,442,000 after purchasing an additional 86 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of T-Mobile US in the 1st quarter valued at $1,489,000. Angeles Wealth Management LLC increased its position in shares of T-Mobile US by 48.4% in the 1st quarter. Angeles Wealth Management LLC now owns 2,088 shares of the Wireless communications provider’s stock valued at $341,000 after buying an additional 681 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of T-Mobile US by 19.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 732,678 shares of the Wireless communications provider’s stock valued at $119,588,000 after buying an additional 119,129 shares in the last quarter. Institutional investors 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.