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

T-Mobile US, Inc. (NASDAQ:TMUS) Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the transaction, the director now directly owns 4,021 shares of the company’s stock, valued at approximately $989,166. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

T-Mobile US Stock Up 0.0 %

TMUS stock opened at $244.85 on Wednesday. T-Mobile US, Inc. has a one year low of $151.38 and a one year high of $248.15. The firm has a market cap of $284.15 billion, a PE ratio of 27.92, a PEG ratio of 1.25 and a beta of 0.53. The firm’s 50 day moving average price is $225.69 and its 200-day moving average price is $199.40. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

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

T-Mobile US Dividend Announcement

The business also recently announced 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. This represents a $3.52 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently made changes to their positions in the stock. Inspire Trust Co. N.A. boosted its position in shares of T-Mobile US by 9.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 11,512 shares of the Wireless communications provider’s stock worth $2,376,000 after purchasing an additional 1,026 shares during the period. Old North State Trust LLC lifted its stake in T-Mobile US by 1.4% during the third 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. boosted its position in shares of T-Mobile US by 9.9% during 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 buying an additional 590,711 shares during the period. Destination Wealth Management acquired a new stake in shares of T-Mobile US in the third quarter valued at $246,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of T-Mobile US in the 3rd quarter valued at $1,375,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Tigress Financial upped their price objective on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday. Evercore ISI upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Scotiabank lifted their price objective on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. KeyCorp increased their target price on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock 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.