T-Mobile US (NASDAQ:TMUS) Insider Michael Katz Sells 5,000 Shares

T-Mobile US, Inc. (NASDAQ:TMUS) insider Michael Katz sold 5,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

T-Mobile US Stock Performance

Shares of TMUS traded down $1.64 during midday trading on Monday, reaching $194.42. The stock had a trading volume of 3,228,025 shares, compared to its average volume of 6,259,050. The firm has a market cap of $210.40 billion, a PE ratio of 20.68, a P/E/G ratio of 1.16 and a beta of 0.33. The firm has a 50 day simple moving average of $206.12 and a 200-day simple moving average of $205.09. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $261.56. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the prior year, the firm earned $2.58 EPS. T-Mobile US’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.66 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a $1.02 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s dividend payout ratio is currently 43.40%.

Hedge Funds Weigh In On T-Mobile US

Several large investors have recently modified their holdings of TMUS. Mirae Asset Global Investments Co. Ltd. increased its stake in T-Mobile US by 4.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock worth $107,884,000 after acquiring an additional 19,486 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in T-Mobile US by 7.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock valued at $49,014,000 after acquiring an additional 14,800 shares in the last quarter. Quilter Plc lifted its position in shares of T-Mobile US by 7.8% during the 4th quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock valued at $94,584,000 after acquiring an additional 33,813 shares during the period. Varma Mutual Pension Insurance Co lifted its position in shares of T-Mobile US by 8.8% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock valued at $19,849,000 after acquiring an additional 6,700 shares during the period. Finally, CI Investments Inc. grew its holdings in shares of T-Mobile US by 37.8% during the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock worth $18,583,000 after purchasing an additional 21,307 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their price target on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank Of Canada reduced their price objective on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. BNP Paribas Exane decreased their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Finally, Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $258.83.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.