T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) CFO Peter Osvaldik sold 20,000 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the completion of the sale, the chief financial officer now directly owns 61,307 shares in the company, valued at approximately $14,318,249.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
T-Mobile US Price Performance
TMUS opened at $226.05 on Wednesday. The company has a fifty day moving average price of $207.32 and a two-hundred day moving average price of $186.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a market capitalization of $264.90 billion, a PE ratio of 30.76, a P/E/G ratio of 1.15 and a beta of 0.51. T-Mobile US, Inc. has a 52 week low of $139.47 and a 52 week high of $234.56.
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T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same period last year, the company posted $1.82 EPS. T-Mobile US's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts anticipate that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.
T-Mobile US Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. T-Mobile US's payout ratio is currently 47.89%.
Analysts Set New Price Targets
TMUS has been the topic of several research analyst reports. Barclays raised their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Raymond James cut shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. Oppenheimer boosted their price target on T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Benchmark lifted their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of "Buy" and a consensus price target of $241.83.
Read Our Latest Stock Report on T-Mobile US
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC grew its position in T-Mobile US by 23.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,754 shares of the Wireless communications provider's stock valued at $449,000 after purchasing an additional 529 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in T-Mobile US by 18.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 933 shares of the Wireless communications provider's stock valued at $152,000 after purchasing an additional 142 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in T-Mobile US by 6.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 495,219 shares of the Wireless communications provider's stock valued at $80,830,000 after buying an additional 28,319 shares in the last quarter. MV Capital Management Inc. grew its stake in shares of T-Mobile US by 18.0% in the first quarter. MV Capital Management Inc. now owns 851 shares of the Wireless communications provider's stock valued at $139,000 after acquiring an additional 130 shares in the last quarter. Finally, State of Michigan Retirement System increased its position in T-Mobile US by 2.7% during the first quarter. State of Michigan Retirement System now owns 143,041 shares of the Wireless communications provider's stock worth $23,347,000 after acquiring an additional 3,700 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.
T-Mobile US Company Profile
(
Get Free Report)
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.
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