Key Points
- Chief Accounting Officer Daniel James Drobac sold 113 shares at an average price of $154.18, totaling $17,422.34. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained 37,738 shares.
- T-Mobile beat quarterly earnings and revenue estimates, reporting $3.22 per share and $23.58 billion in revenue; revenue rose 7.4% year over year.
- The company raised its quarterly dividend from $1.02 to $1.17 per share. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $238.25.
T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) CAO Daniel James Drobac sold 113 shares of T-Mobile US stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $154.18, for a total transaction of $17,422.34. Following the transaction, the chief accounting officer directly owned 37,738 shares of the company's stock, valued at approximately $5,818,444.84. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Daniel James Drobac also recently made the following trade(s):
- On Thursday, September 10th, Daniel James Drobac sold 772 shares of T-Mobile US stock. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76.
T-Mobile US Stock Performance
Shares of NASDAQ TMUS opened at $154.41 on Wednesday. The company has a market capitalization of $163.56 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 0.93 and a beta of 0.40. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. The company's fifty day moving average price is $166.10 and its 200 day moving average price is $186.58. T-Mobile US, Inc. has a 1 year low of $143.75 and a 1 year high of $224.75.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $0.33. The company had revenue of $23.58 billion during the quarter, compared to analysts' expectations of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.41 earnings per share. On average, research analysts predict that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.
T-Mobile US Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This is a boost from T-Mobile US's previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 3.0%. T-Mobile US's payout ratio is 39.38%.
Hedge Funds Weigh In On T-Mobile US
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First National Bank of Mount Dora Trust Investment Services lifted its stake in T-Mobile US by 34.8% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider's stock valued at $12,593,000 after buying an additional 15,495 shares in the last quarter. Perpetual Ltd boosted its holdings in T-Mobile US by 140.1% in the 3rd quarter. Perpetual Ltd now owns 11,168 shares of the Wireless communications provider's stock worth $1,821,000 after buying an additional 6,517 shares during the last quarter. Liontrust Investment Partners LLP increased its stake in T-Mobile US by 46.0% during the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider's stock worth $12,056,000 after buying an additional 18,075 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in T-Mobile US during the 2nd quarter worth approximately $5,870,000. Finally, Paralel Advisors LLC purchased a new stake in T-Mobile US during the 2nd quarter worth approximately $1,846,000. 42.49% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. Citigroup cut their price target on T-Mobile US from $225.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, October 29th. Royal Bank Of Canada lowered their price target on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Moffett Nathanson raised their price objective on T-Mobile US from $242.00 to $246.00 and gave the company a "buy" rating in a report on Tuesday, September 22nd. Wolfe Research cut T-Mobile US from an "outperform" rating to a "peer perform" rating in a research report on Friday, August 14th. Finally, KeyCorp reduced their target price on T-Mobile US from $250.00 to $240.00 and set an "overweight" rating for the company in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $238.25.
Check Out Our Latest Research Report on T-Mobile US
More T-Mobile US News
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: A recent analysis highlighted T-Mobile’s earnings growth, revenue beat, raised guidance, share repurchases and dividend increase, arguing the company’s fundamentals and valuation remain attractive despite slower postpaid subscriber additions. Article: T-Mobile: Headwinds Continue To Overshadow Strong Growth And The 3 Percent Yield
- Positive Sentiment: T-Mobile reported substantial cybersecurity improvements, including sharp reductions in successful SIM-swap attacks and phishing-related credential compromises. Better security could help protect customer trust and reduce operational risk. Article: T-Mobile Opens Up on Its Cybersecurity Transformation in New Report
- Neutral Sentiment: The company is launching holiday device discounts and promotions across its brands, including phone and home-internet offers. These may support customer acquisition, though discounting could also pressure margins. Article: T-Mobile Brings More to the Holiday Mix
- Negative Sentiment: Bloomberg reported that Deutsche Telekom’s plans to combine with its U.S. arm have hit a snag, casting doubt on a major potential transaction. The uncertainty may weigh on expectations for a deal-related catalyst. Article: Deutsche Telekom Said to Hit Brakes on T-Mobile Merger
- Negative Sentiment: Reports that SpaceX may acquire or integrate with Boost Mobile raise the prospect of a new satellite-and-cellular competitor. Boost’s reliance on network leases, including from T-Mobile, creates execution hurdles, but the possibility is adding competitive pressure to telecom shares. Article: SpaceX Starlink’s Telecom Ground Game Takes Shape
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, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.
The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
