Srikant M. Datar Sells 1,000 Shares of T-Mobile US, Inc. (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

T-Mobile US Price Performance

TMUS stock opened at $244.85 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm has a market capitalization of $284.15 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.25 and a beta of 0.53. The firm has a 50 day moving average price of $225.69 and a 200-day moving average price of $199.40. T-Mobile US, Inc. has a 52-week low of $151.38 and a 52-week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.44%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TMUS. Inspire Trust Co. N.A. increased its position in shares of T-Mobile US by 9.8% during the third quarter. Inspire Trust Co. N.A. now owns 11,512 shares of the Wireless communications provider’s stock valued at $2,376,000 after acquiring an additional 1,026 shares in the last quarter. Old North State Trust LLC increased its holdings in shares of T-Mobile US by 1.4% in the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock worth $751,000 after purchasing an additional 50 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares during the last quarter. Destination Wealth Management bought a new position in shares of T-Mobile US during the third quarter valued at $246,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of T-Mobile US during the third quarter valued at $1,375,000. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Bank of America increased their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Tigress Financial boosted their target price on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.33.

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.