Insider Selling: T-Mobile US, Inc. (NASDAQ:TMUS) Insider Sells 3,000 Shares of Stock

T-Mobile US, Inc. (NASDAQ:TMUS) insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now directly owns 119,687 shares in the company, valued at $24,571,741.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $208.03 on Friday. The firm has a market cap of $243.78 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 52 week low of $135.82 and a 52 week high of $209.26. The business’s fifty day simple moving average is $196.80 and its 200-day simple moving average is $178.99.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. Equities analysts forecast that T-Mobile US, Inc. will post 9.13 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.69%. T-Mobile US’s payout ratio is presently 47.89%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TMUS. Czech National Bank raised its holdings in shares of T-Mobile US by 1.6% in the 3rd quarter. Czech National Bank now owns 99,828 shares of the Wireless communications provider’s stock valued at $20,601,000 after buying an additional 1,572 shares during the period. Central Pacific Bank Trust Division grew its position in T-Mobile US by 24.8% in the 3rd quarter. Central Pacific Bank Trust Division now owns 12,115 shares of the Wireless communications provider’s stock valued at $2,500,000 after acquiring an additional 2,405 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in T-Mobile US during the third quarter worth about $218,000. Neville Rodie & Shaw Inc. lifted its position in shares of T-Mobile US by 30.3% during the third quarter. Neville Rodie & Shaw Inc. now owns 36,790 shares of the Wireless communications provider’s stock worth $7,592,000 after purchasing an additional 8,565 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of T-Mobile US in the second quarter valued at approximately $12,095,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMUS. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Barclays upped their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company raised their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Nineteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average target price of $216.36.

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.