Michael J. Katz Sells 3,000 Shares of T-Mobile US, Inc. (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

T-Mobile US Price Performance

Shares of TMUS stock traded up $0.90 during trading hours on Tuesday, hitting $179.98. 3,317,009 shares of the company’s stock were exchanged, compared to its average volume of 4,884,019. The stock’s 50-day moving average is $170.18 and its 200-day moving average is $164.69. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The stock has a market cap of $210.91 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 0.69 and a beta of 0.51. T-Mobile US, Inc. has a 52 week low of $131.47 and a 52 week high of $182.67.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. As a group, research analysts forecast that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is presently 35.37%.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in T-Mobile US by 3.1% in the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after purchasing an additional 5,552 shares during the period. Pacer Advisors Inc. grew its position in shares of T-Mobile US by 31.4% in the 4th quarter. Pacer Advisors Inc. now owns 107,660 shares of the Wireless communications provider’s stock valued at $17,261,000 after purchasing an additional 25,700 shares during the period. Caprock Group LLC grew its position in shares of T-Mobile US by 105.8% in the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after purchasing an additional 11,854 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of T-Mobile US by 41.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock valued at $2,595,000 after purchasing an additional 4,777 shares during the period. Finally, Cerity Partners LLC grew its position in shares of T-Mobile US by 136.8% in the 4th quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock valued at $10,096,000 after purchasing an additional 36,374 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMUS has been the subject of several research reports. Oppenheimer reissued an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. Bank of America upped their target price on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Royal Bank of Canada upped their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Finally, Citigroup upped their target price on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and a consensus price target of $190.79.

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.