G Michael Sievert Sells 80,000 Shares of T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director G Michael Sievert sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total value of $17,195,200.00. Following the transaction, the director directly owned 140,696 shares in the company, valued at approximately $30,241,198.24. This represents a 36.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

T-Mobile US Trading Up 2.1%

NASDAQ:TMUS traded up $4.49 during mid-day trading on Monday, hitting $219.95. 5,271,798 shares of the stock traded hands, compared to its average volume of 6,624,690. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $276.49. The stock has a market capitalization of $242.35 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 1.38 and a beta of 0.44. The firm’s 50 day moving average is $198.69 and its two-hundred day moving average is $217.86.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is currently 42.02%.

Institutional Trading of T-Mobile US

Several institutional investors have recently modified their holdings of TMUS. Allworth Financial LP grew its position in T-Mobile US by 14.2% in the 2nd quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after acquiring an additional 810 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of T-Mobile US by 4.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock valued at $107,884,000 after purchasing an additional 19,486 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of T-Mobile US by 7.8% in the third 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 purchasing an additional 14,800 shares in the last quarter. Varma Mutual Pension Insurance Co grew its holdings in shares of T-Mobile US by 8.8% in the third quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock valued at $19,849,000 after purchasing an additional 6,700 shares in the last quarter. Finally, Longbow Finance SA lifted its holdings in T-Mobile US by 22.2% during the 3rd quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock worth $7,648,000 after buying an additional 5,805 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent analyst reports. Barclays raised their price target on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. TD Cowen reduced their target price on T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Benchmark reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, BNP Paribas Exane decreased their target price on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $257.09.

T-Mobile US Company Profile

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.