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

T-Mobile US, Inc. (NASDAQ:TMUSGet Free Report) insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

T-Mobile US Trading Up 0.7 %

TMUS opened at $163.26 on Thursday. The business has a 50 day simple moving average of $162.54 and a two-hundred day simple moving average of $154.44. The firm has a market capitalization of $193.77 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 0.66 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The business had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 EPS. Analysts predict that T-Mobile US, Inc. will post 8.98 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. T-Mobile US’s dividend payout ratio (DPR) is 37.52%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TMUS. Norges Bank purchased a new position in shares of T-Mobile US during the 4th quarter worth approximately $3,338,708,000. Wellington Management Group LLP grew its holdings in shares of T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares during the period. Softbank Group CORP. grew its holdings in shares of T-Mobile US by 9.0% during the 2nd quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider’s stock worth $6,019,677,000 after acquiring an additional 3,566,400 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of T-Mobile US during the 2nd quarter worth approximately $333,657,000. Finally, Clearbridge Investments LLC grew its holdings in shares of T-Mobile US by 243.9% during the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after acquiring an additional 2,071,489 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TMUS. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Morgan Stanley boosted their target price on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Citigroup boosted 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. Raymond James boosted their target price on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $184.00 target price on shares of T-Mobile US in a research note on Wednesday, March 20th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $185.93.

Get Our Latest Research Report on T-Mobile US

About T-Mobile US

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for T-Mobile US (NASDAQ:TMUS)

Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.