Investors Sell T-Mobile US Inc. (TMUS) on Strength (TMUS)
Investors 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
Several brokerages have commented on TMUS. Argus restated a “buy” rating and set a $56.00 target price (up from $49.00) on shares of T-Mobile US in a report on Thursday, August 4th. Citigroup Inc. restated a “buy” rating and set a $51.00 target price (up from $47.00) on shares of T-Mobile US in a report on Monday, June 13th. Jefferies Group raised their target price on shares of T-Mobile US from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Robert W. Baird restated a “neutral” rating and set a $42.00 target price on shares of T-Mobile US in a report on Tuesday, June 28th. Finally, Vetr downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $41.42 target price on the stock. in a report on Monday, May 9th. Nine investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.60.
The company’s 50-day moving average price is $46.27 and its 200-day moving average price is $41.71. The company has a market capitalization of $38.91 billion and a price-to-earnings ratio of 36.38.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company earned $9.20 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts expect that T-Mobile US Inc. will post $1.31 EPS for the current 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 given a $0.688 dividend. The ex-dividend date is Tuesday, August 30th.
In related news, Director W Michael Barnes sold 42,000 shares of the 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 sale, the director now directly owns 86,456 shares of the company’s stock, valued at approximately $3,766,887.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO J Braxton Carter II sold 50,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $47.95, for a total value of $2,397,500.00. Following the completion of the sale, the chief financial officer now directly owns 239,971 shares of the company’s stock, valued at $11,506,609.45. The disclosure for this sale can be found here.
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