Traders Sell Shares of T-Mobile US Inc. (TMUS) on Strength (TMUS)
Traders sold shares of T-Mobile US Inc. (NASDAQ:TMUS) on strength during trading hours on Wednesday. $9.29 million flowed into the stock on the tick-up and $35.86 million flowed out of the stock on the tick-down, for a money net flow of $26.57 million out of the stock. Of all stocks tracked, T-Mobile US had the 0th highest net out-flow for the day. T-Mobile US traded up $0.24 for the day and closed at $46.34
A number of brokerages have issued reports on TMUS. Citigroup Inc. reaffirmed a “buy” rating and issued a $51.00 target price (up from $47.00) on shares of T-Mobile US in a research report on Monday, June 13th. Jefferies Group reaffirmed a “buy” rating and issued a $45.00 target price on shares of T-Mobile US in a research report on Wednesday, June 8th. HSBC reiterated a “hold” rating and issued a $42.00 price target on shares of T-Mobile US in a report on Monday, May 23rd. Nomura downgraded T-Mobile US from a “buy” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $44.00 in a report on Friday, June 24th. Finally, Argus reiterated a “buy” rating and issued a $56.00 price target (up from $49.00) on shares of T-Mobile US in a report on Thursday, August 4th. Nine investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. T-Mobile US has a consensus rating of “Buy” and a consensus target price of $48.60.
The company has a market capitalization of $38.13 billion and a price-to-earnings ratio of 35.65. The firm’s 50-day moving average price is $46.12 and its 200-day moving average price is $41.64.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. During the same period in the prior year, the firm earned $0.42 EPS. The company earned $9.20 billion during the quarter, compared to analyst estimates of $9.03 billion. T-Mobile US’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that T-Mobile US Inc. will post $1.31 earnings per share for the current fiscal year.
The business also recently declared a dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.688 dividend. The ex-dividend date of this dividend is Tuesday, August 30th.
In other T-Mobile US news, Director W Michael Barnes sold 42,000 shares of T-Mobile US stock in a transaction on Monday, June 6th. The stock was sold at an average price of $43.57, for a total value of $1,829,940.00. Following the completion of the transaction, the director now owns 86,456 shares in the company, valued at approximately $3,766,887.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David A. Miller sold 10,000 shares of T-Mobile US stock in a transaction on Monday, July 11th. The shares were sold at an average price of $44.00, for a total value of $440,000.00. Following the completion of the transaction, the executive vice president now owns 119,816 shares of the company’s stock, valued at approximately $5,271,904. The disclosure for this sale can be found here.
An institutional investor recently raised its position in T-Mobile US stock. Schwab Charles Investment Management Inc. raised its stake in shares of T-Mobile US Inc. (NASDAQ:TMUS) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 468,978 shares of the company’s stock after buying an additional 44,744 shares during the period. Schwab Charles Investment Management Inc. owned about 0.06% of T-Mobile US worth $18,347,000 as of its most recent filing with the SEC.
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