Insider Selling: T-Mobile US, Inc. (NASDAQ:TMUS) EVP Sells $9,249,223.94 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

T-Mobile US Trading Up 0.6 %

Shares of NASDAQ:TMUS opened at $223.21 on Monday. The company’s 50-day moving average price is $203.23 and its two-hundred day moving average price is $183.34. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a one year low of $136.85 and a one year high of $223.45. The stock has a market capitalization of $261.57 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the previous year, the firm posted $1.86 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.58%. T-Mobile US’s payout ratio is 47.89%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TMUS. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Scotiabank lowered shares of T-Mobile US from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the company from $215.50 to $236.00 in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Citigroup boosted their price target on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $217.50.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in T-Mobile US during the 1st quarter worth about $1,908,000. CFO4Life Group LLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at about $932,000. NewEdge Advisors LLC raised its holdings in shares of T-Mobile US by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after purchasing an additional 25,217 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after purchasing an additional 4,253 shares during the period. Finally, Findlay Park Partners LLP raised its holdings in shares of T-Mobile US by 6.0% in the 1st quarter. Findlay Park Partners LLP now owns 1,882,607 shares of the Wireless communications provider’s stock valued at $307,279,000 after purchasing an additional 107,100 shares during the period. 42.49% of the stock is owned by institutional investors.

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.