Insider Selling: T-Mobile US, Inc. (TMUS) EVP Sells $276,271.00 in Stock
T-Mobile US, Inc. (NASDAQ:TMUS) EVP Elizabeth A. Mcauliffe sold 4,310 shares of T-Mobile US stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $64.10, for a total value of $276,271.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of T-Mobile US, Inc. (NASDAQ:TMUS) opened at $64.60 on Friday. T-Mobile US, Inc. has a 1 year low of $54.60 and a 1 year high of $68.88. The company has a market capitalization of $52,410.00, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.04 and a beta of 0.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period last year, the company posted $0.27 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts predict that T-Mobile US, Inc. will post 2.41 earnings per share for the current fiscal year.
T-Mobile US announced that its Board of Directors has approved a share buyback program on Wednesday, December 6th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the Wireless communications provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a report on Tuesday, October 3rd. KeyCorp reaffirmed an “overweight” rating and set a $72.00 target price on shares of T-Mobile US in a report on Saturday, September 16th. Cowen reaffirmed a “buy” rating and set a $70.00 target price on shares of T-Mobile US in a report on Tuesday, October 17th. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $69.86.
A number of hedge funds and other institutional investors have recently made changes to their positions in TMUS. Rational Advisors LLC acquired a new stake in T-Mobile US during the 3rd quarter worth about $105,000. Capital Bank & Trust Co boosted its position in T-Mobile US by 3,128.6% during the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 2,190 shares during the period. Opera Trading Capital acquired a new stake in shares of T-Mobile US during the 3rd quarter valued at about $154,000. Captrust Financial Advisors acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at about $159,000. Finally, Renaissance Group LLC acquired a new stake in shares of T-Mobile US during the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.
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About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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