T-Mobile US, Inc. (NASDAQ:TMUS) CEO Sells $3,891,400.00 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

T-Mobile US Stock Up 0.6 %

NASDAQ TMUS traded up $1.16 during trading hours on Wednesday, reaching $196.49. 3,243,590 shares of the company traded hands, compared to its average volume of 4,744,883. The stock has a market capitalization of $230.26 billion, a PE ratio of 26.58, a PEG ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a 12 month low of $131.47 and a 12 month high of $197.03. The company has a 50 day moving average of $180.75 and a two-hundred day moving average of $169.48. The company has a current ratio of 0.84, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 earnings per share. As a group, equities analysts expect that T-Mobile US, Inc. will post 9.05 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business 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 1.32%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 price target on the stock. Tigress Financial boosted their price objective on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays increased their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $198.63.

Institutional Trading of T-Mobile US

Several hedge funds have recently made changes to their positions in the stock. WASHINGTON TRUST Co boosted its position in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. Private Wealth Management Group LLC bought a new stake in shares of T-Mobile US during the 4th quarter worth about $27,000. Summit Securities Group LLC bought a new position in shares of T-Mobile US in the second quarter valued at approximately $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the second quarter worth approximately $27,000. Finally, Westside Investment Management Inc. raised its holdings in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

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.