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 on Thursday. $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 equities 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 research firms have weighed in on TMUS. FBR & Co lifted their target price on T-Mobile US from $40.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, July 29th. BTIG Research lifted their target price on T-Mobile US from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Jefferies Group reaffirmed a “buy” rating and set a $55.00 target price on shares of T-Mobile US in a report on Thursday, July 28th. Barclays PLC lifted their target price on T-Mobile US from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Finally, Deutsche Bank AG lifted their target price on T-Mobile US from $52.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Nine equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.60.
The stock has a market cap of $38.05 billion and a P/E ratio of 35.58. The firm has a 50 day moving average of $46.18 and a 200 day moving average of $41.67.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.03 billion. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. Equities analysts predict that T-Mobile US Inc. will post $1.31 EPS for the current year.
The business also recently disclosed a dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a $0.688 dividend. The ex-dividend date is Tuesday, August 30th.
In related news, CFO J Braxton Carter II sold 59,600 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $46.24, for a total transaction of $2,755,904.00. Following the completion of the sale, the chief financial officer now directly owns 197,568 shares of the company’s stock, valued at approximately $9,135,544.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David A. Miller sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $44.00, for a total value of $440,000.00. Following the sale, the executive vice president now directly owns 119,816 shares of the company’s stock, valued at $5,271,904. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in T-Mobile US stock. Schwab Charles Investment Management Inc. raised its position in T-Mobile US Inc. (NASDAQ:TMUS) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.06% of T-Mobile US worth $18,347,000 at the end of the most recent quarter.
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