T-Mobile US Inc (TMUS) Insider Sells $1,637,500.00 in Stock

T-Mobile US Inc (NASDAQ:TMUS) insider Thomas Christopher Keys sold 25,000 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $65.50, for a total transaction of $1,637,500.00. Following the sale, the insider now directly owns 406,883 shares in the company, valued at approximately $26,650,836.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

T-Mobile US Inc (NASDAQ TMUS) opened at $64.55 on Tuesday. The company has a market cap of $55,750.00, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 0.86 and a beta of 0.38. T-Mobile US Inc has a one year low of $54.60 and a one year high of $68.88. The company has a quick ratio of 0.64, a current ratio of 0.77 and a debt-to-equity ratio of 1.30.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.11. The company had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. equities research analysts anticipate that T-Mobile US Inc will post 3.4 EPS for the current fiscal year.

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

Several brokerages recently weighed in on TMUS. Jefferies Group reaffirmed a “top pick” rating and issued a $62.78 target price (down previously from $72.00) on shares of T-Mobile US in a report on Tuesday, November 28th. Bank of America raised their target price on shares of T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Morgan Stanley raised their target price on shares of T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. BidaskClub cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $70.24.

A number of institutional investors have recently made changes to their positions in TMUS. OTA Financial Group L.P. purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $18,665,000. Xact Kapitalforvaltning AB grew its position in shares of T-Mobile US by 5.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 62,436 shares of the Wireless communications provider’s stock worth $3,965,000 after acquiring an additional 3,207 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of T-Mobile US by 2.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 246,914 shares of the Wireless communications provider’s stock worth $15,682,000 after acquiring an additional 5,535 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in shares of T-Mobile US by 121.4% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 181,997 shares of the Wireless communications provider’s stock worth $11,559,000 after acquiring an additional 99,797 shares during the last quarter. Finally, Meitav Dash Investments Ltd. purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $644,000. Institutional investors own 35.68% of the company’s stock.

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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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