T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) insider Michael Katz sold 5,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares in the company, valued at $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
T-Mobile US Price Performance
NASDAQ TMUS opened at $194.42 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The company has a market cap of $210.40 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $261.56. The firm's 50-day simple moving average is $206.12 and its two-hundred day simple moving average is $205.09.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $2.58 earnings per share. Research analysts predict that T-Mobile US, Inc. will post 10.66 earnings per share for the current year.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, May 29th. T-Mobile US's payout ratio is currently 43.40%.
Institutional Investors Weigh In On T-Mobile US
A number of institutional investors and hedge funds have recently made changes to their positions in TMUS. Sei Investments Co. boosted its stake in T-Mobile US by 6.3% during the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider's stock valued at $33,972,000 after buying an additional 8,491 shares during the period. Diversify Advisory Services LLC boosted its position in shares of T-Mobile US by 315.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider's stock valued at $1,147,000 after acquiring an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US during the second quarter worth about $375,000. Raymond James Financial Inc. increased its position in shares of T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider's stock worth $489,420,000 after purchasing an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP raised its stake in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock valued at $677,925,000 after purchasing an additional 1,279,422 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on TMUS. Wall Street Zen raised T-Mobile US from a "sell" rating to a "hold" rating in a report on Saturday. Royal Bank Of Canada decreased their price objective on T-Mobile US from $255.00 to $240.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 29th. Sanford C. Bernstein reissued a "neutral" rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Daiwa Securities Group raised T-Mobile US from a "neutral" rating to an "outperform" rating and set a $240.00 target price for the company in a report on Thursday, February 19th. Finally, Scotiabank decreased their price target on T-Mobile US from $266.00 to $263.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $258.83.
Get Our Latest Stock Report on TMUS
T-Mobile US Company Profile
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Get Free Report)
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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