Key Points
- T-Mobile COO Jon Freier sold 4,799 shares on May 21 at an average price of $190.00, totaling about $911,810. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Freier still held 217,168 shares valued at roughly $41.26 million, a 2.16% decrease in his position.
- T-Mobile’s stock was down 0.2% around the time of the report, while the company had recently beaten earnings expectations and declared a quarterly dividend of $1.02 per share.
T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) COO Jon Freier sold 4,799 shares of the company's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer owned 217,168 shares of the company's stock, valued at $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
T-Mobile US Stock Down 0.2%
TMUS stock opened at $191.11 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market capitalization of $206.82 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.11 and a beta of 0.33. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $261.56. The stock has a fifty day moving average of $197.68 and a 200-day moving average of $202.03.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly 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 company had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.58 EPS. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.
T-Mobile US Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US's dividend payout ratio is presently 43.40%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in TMUS. Norges Bank bought a new position in T-Mobile US in the 4th quarter worth about $1,335,918,000. Price T Rowe Associates Inc. MD boosted its stake in T-Mobile US by 30.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares during the period. Wellington Management Group LLP boosted its stake in T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider's stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares during the period. Dodge & Cox boosted its stake in T-Mobile US by 65.2% in the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider's stock worth $1,256,000,000 after purchasing an additional 2,442,450 shares during the period. Finally, Viking Global Investors LP boosted its stake in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the period. Institutional investors own 42.49% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. TD Cowen increased their price target on T-Mobile US from $252.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Daiwa Securities Group upgraded T-Mobile US from a "neutral" rating to an "outperform" rating and set a $240.00 price target for the company in a research note on Thursday, February 19th. Wells Fargo & Company increased their price target on T-Mobile US from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. KeyCorp upgraded T-Mobile US from a "sector weight" rating to an "overweight" rating and set a $260.00 price target for the company in a research note on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on T-Mobile US from $300.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.48.
Get Our Latest Analysis on T-Mobile US
T-Mobile US Company Profile
(
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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