T-Mobile US, Inc. (NASDAQ:TMUS) Insider Jon Freier Sells 7,000 Shares

T-Mobile US, Inc. (NASDAQ:TMUS) insider Jon Freier sold 7,000 shares of the firm’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider directly owned 199,643 shares in the company, valued at approximately $49,910,750. This trade represents a 3.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $238.19 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $268.06 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.33 and a beta of 0.62. The business has a fifty day simple moving average of $235.07 and a two-hundred day simple moving average of $245.04. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 earnings per share. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s payout ratio is 33.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. KeyCorp reissued an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a research note on Monday, July 7th. Tigress Financial raised their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, Morgan Stanley raised their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.31.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently bought and sold shares of TMUS. GAMMA Investing LLC boosted its stake in T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider’s stock worth $814,416,000 after purchasing an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares in the last quarter. Nuveen LLC bought a new position in T-Mobile US in the 1st quarter worth about $618,248,000. Capital International Investors boosted its stake in T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in T-Mobile US by 518.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after purchasing an additional 1,160,275 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

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 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.