Key Points
- G Michael Sievert, a T‑Mobile director, sold 80,000 shares on Feb. 19 at an average price of $214.94 for about $17.2M, cutting his direct stake by 36.25% to 140,696 shares; the sale was disclosed in an SEC filing.
- The company announced a quarterly dividend of $1.02 per share payable March 12 (record/ex-dividend date Feb. 27), equal to a $4.08 annualized payout and a 1.9% yield with a 42.02% payout ratio.
- T‑Mobile shares trade near $220 with a market cap around $242B, and analysts hold a consensus "Moderate Buy" rating with a target price near $257.09.
T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) Director G Michael Sievert sold 80,000 shares of the business's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the sale, the director directly owned 140,696 shares of the company's stock, valued at $30,241,198.24. This represents a 36.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
T-Mobile US Trading Up 2.1%
Shares of TMUS opened at $219.95 on Tuesday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The firm has a market capitalization of $242.35 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.38 and a beta of 0.44. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The stock's fifty day simple moving average is $199.16 and its 200 day simple moving average is $217.70.
T-Mobile US Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US's dividend payout ratio (DPR) is 42.02%.
Institutional Investors Weigh In On T-Mobile US
A number of large investors have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider's stock worth $1,556,000 after buying an additional 810 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of T-Mobile US by 4.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider's stock valued at $107,884,000 after acquiring an additional 19,486 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of T-Mobile US by 7.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider's stock valued at $49,014,000 after acquiring an additional 14,800 shares in the last quarter. Varma Mutual Pension Insurance Co increased its stake in T-Mobile US by 8.8% in the third quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider's stock valued at $19,849,000 after acquiring an additional 6,700 shares during the period. Finally, Longbow Finance SA raised its position in T-Mobile US by 22.2% in the third quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider's stock worth $7,648,000 after purchasing an additional 5,805 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently commented on TMUS shares. Weiss Ratings lowered shares of T-Mobile US from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, January 12th. DZ Bank reissued a "buy" rating on shares of T-Mobile US in a research report on Friday, February 13th. The Goldman Sachs Group lifted their target price on shares of T-Mobile US from $233.00 to $254.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Royal Bank Of Canada decreased their price target on shares of T-Mobile US from $270.00 to $255.00 and set an "outperform" rating for the company in a research report on Friday, January 16th. Finally, Sanford C. Bernstein reiterated a "neutral" rating on shares of T-Mobile US in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $257.09.
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About T-Mobile US
(
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T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.
Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.
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