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 Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

T-Mobile US Stock Down 0.8%

TMUS stock traded down $1.81 during trading on Wednesday, reaching $211.27. 3,682,925 shares of the stock were exchanged, compared to its average volume of 4,422,318. The firm’s 50 day moving average is $225.27 and its 200 day moving average is $235.30. The firm has a market cap of $236.31 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a twelve month low of $199.41 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. TD Cowen dropped their price objective on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a research report on Friday, October 24th. Cowen reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Benchmark increased their price objective on T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $250.00 to $260.00 in a report on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.83.

Hedge Funds Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently modified their holdings of the business. Journey Strategic Wealth LLC grew its holdings in shares of T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after acquiring an additional 41 shares during the period. Angeles Wealth Management LLC boosted its position in T-Mobile US by 1.2% during the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after purchasing an additional 41 shares in the last quarter. Weaver Capital Management LLC boosted its position in T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after purchasing an additional 42 shares in the last quarter. Haven Private LLC increased its position in shares of T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after buying an additional 42 shares in the last quarter. Finally, Bank of Stockton increased its position in shares of T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.