T-Mobile US (NASDAQ:TMUS) Insider Michael Katz Sells 2,500 Shares

T-Mobile US, Inc. (NASDAQ:TMUS) insider Michael Katz sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $251.12, for a total value of $627,800.00. Following the transaction, the insider owned 158,703 shares of the company’s stock, valued at approximately $39,853,497.36. The trade was a 1.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

T-Mobile US Trading Down 0.3%

Shares of T-Mobile US stock opened at $258.16 on Friday. The firm has a market cap of $290.54 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.42 and a beta of 0.62. The business has a 50-day moving average price of $237.50 and a 200-day moving average price of $247.87. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. The firm 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 business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US’s dividend payout ratio (DPR) is currently 33.21%.

Institutional Trading of T-Mobile US

Institutional investors have recently added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in T-Mobile US in the second quarter worth about $25,000. Godsey & Gibb Inc. raised its stake in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Missouri Trust & Investment Co raised its stake in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new stake in shares of T-Mobile US during the first quarter valued at approximately $29,000. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on TMUS shares. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Tigress Financial lifted their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $256.31.

About T-Mobile US

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.