T-Mobile US, Inc. (TMUS) CFO Sells $989,400.00 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) CFO J Braxton Carter II sold 15,000 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $65.96, for a total value of $989,400.00. Following the completion of the sale, the chief financial officer now owns 199,788 shares of the company’s stock, valued at $13,178,016.48. The sale was disclosed in a filing with the SEC, which is available at this link.

J Braxton Carter II also recently made the following trade(s):

  • On Monday, December 11th, J Braxton Carter II sold 15,000 shares of T-Mobile US stock. The shares were sold at an average price of $62.97, for a total value of $944,550.00.

Shares of T-Mobile US, Inc. (NASDAQ TMUS) traded down $1.71 during mid-day trading on Wednesday, hitting $63.89. 3,600,000 shares of the stock traded hands, compared to its average volume of 4,060,000. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. T-Mobile US, Inc. has a twelve month low of $54.60 and a twelve month high of $68.88. The company has a market capitalization of $54,580.00, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.29.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter last year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. equities research analysts expect that T-Mobile US, Inc. will post 2.41 earnings per share for the current fiscal year.

T-Mobile US declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Several hedge funds have recently modified their holdings of TMUS. DnB Asset Management AS lifted its holdings in T-Mobile US by 91.0% in the fourth quarter. DnB Asset Management AS now owns 2,831,015 shares of the Wireless communications provider’s stock worth $179,798,000 after acquiring an additional 1,349,000 shares during the last quarter. Atalanta Sosnoff Capital LLC bought a new position in T-Mobile US in the fourth quarter worth about $329,000. Parametric Portfolio Associates LLC lifted its holdings in T-Mobile US by 11.9% in the third quarter. Parametric Portfolio Associates LLC now owns 586,917 shares of the Wireless communications provider’s stock worth $36,189,000 after acquiring an additional 62,197 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in T-Mobile US in the third quarter worth about $492,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in T-Mobile US by 4.2% in the third quarter. Public Employees Retirement System of Ohio now owns 238,416 shares of the Wireless communications provider’s stock worth $14,701,000 after acquiring an additional 9,622 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on TMUS. Moffett Nathanson reiterated a “neutral” rating on shares of T-Mobile US in a report on Thursday, October 12th. Jefferies Group reissued a “top pick” rating and issued a $62.78 price objective (down from $72.00) on shares of T-Mobile US in a research report on Tuesday, November 28th. Morgan Stanley upped their price objective on shares of T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Macquarie reissued a “hold” rating and issued a $68.00 price objective on shares of T-Mobile US in a research report on Tuesday, October 24th. Finally, Societe Generale began coverage on shares of T-Mobile US in a research report on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. T-Mobile US has an average rating of “Buy” and an average target price of $69.86.

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T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

Insider Buying and Selling by Quarter for T-Mobile US (NASDAQ:TMUS)

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