Key Points
- T-Mobile CAO Daniel James Drobac sold 772 shares at an average price of $178.33, generating $137,670.76. He continues to own 35,118 shares worth approximately $6.26 million.
- T-Mobile’s latest quarterly results exceeded expectations, with adjusted earnings of $2.99 per share versus the $2.59 consensus estimate; revenue rose 7.9% year over year to $22.79 billion.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08, while institutional investors own 42.49% of the company and several recently increased their stakes.
T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) CAO Daniel James Drobac sold 772 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares of the company's stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
T-Mobile US Stock Up 0.3%
TMUS stock opened at $182.90 on Tuesday. The company has a market cap of $196.19 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.17 and a beta of 0.34. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $244.24. The firm has a 50-day moving average of $181.94 and a two-hundred day moving average of $190.74.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 EPS. As a group, analysts forecast that T-Mobile US, Inc. will post 10.82 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on TMUS shares. UBS Group lowered their price objective on T-Mobile US from $255.00 to $235.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of T-Mobile US in a report on Friday. Wolfe Research reissued a "peer perform" rating on shares of T-Mobile US in a research report on Friday, August 14th. JPMorgan Chase & Co. reissued a "buy" rating on shares of T-Mobile US in a report on Tuesday, May 19th. Finally, Benchmark cut their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $252.08.
View Our Latest Stock Report on TMUS
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. Lansforsakringar Fondforvaltning AB publ lifted its stake in T-Mobile US by 14.6% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider's stock worth $39,354,000 after purchasing an additional 23,836 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of T-Mobile US by 34.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider's stock worth $12,593,000 after buying an additional 15,495 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of T-Mobile US by 16.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider's stock valued at $20,010,000 after buying an additional 14,110 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of T-Mobile US by 32.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider's stock valued at $62,370,000 after buying an additional 72,922 shares in the last quarter. Finally, Liontrust Investment Partners LLP grew its stake in shares of T-Mobile US by 46.0% in the first quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider's stock valued at $12,056,000 after buying an additional 18,075 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.
About T-Mobile US
(
Get Free Report)
T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.
The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.
T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.
Further Reading
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