T-Mobile US (NASDAQ:TMUS) Director Sells $306,436.24 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director Letitia Long sold 1,457 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the sale, the director owned 5,438 shares in the company, valued at $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

T-Mobile US Trading Down 1.5%

Shares of NASDAQ TMUS traded down $3.09 during midday trading on Tuesday, reaching $201.35. 6,483,663 shares of the stock were exchanged, compared to its average volume of 4,436,590. T-Mobile US, Inc. has a 52-week low of $199.17 and a 52-week high of $276.49. The company has a market capitalization of $225.21 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.35 and a beta of 0.44. The stock has a 50 day moving average price of $216.66 and a 200-day moving average price of $231.84. 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 (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.61 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio is presently 39.23%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TMUS. The Goldman Sachs Group assumed coverage on T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Argus lowered their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research note on Tuesday. Benchmark increased their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $265.96.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently modified their holdings of the business. Activest Wealth Management boosted its holdings in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US in the second quarter valued at about $25,000. United Community Bank boosted its position in T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Missouri Trust & Investment Co grew its position in T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in shares of T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds 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.