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

T-Mobile US, Inc. (NASDAQ:TMUS) insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

T-Mobile US Stock Down 0.8 %

NASDAQ:TMUS opened at $178.46 on Thursday. T-Mobile US, Inc. has a 1-year low of $131.47 and a 1-year high of $182.67. The firm has a market capitalization of $209.13 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 0.69 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The business’s fifty day moving average price is $170.51 and its 200 day moving average price is $164.86.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. Citigroup increased their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. TD Cowen decreased their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. StockNews.com downgraded T-Mobile US from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, KeyCorp lifted their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Buy” and a consensus price target of $190.79.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently modified their holdings of TMUS. OLD National Bancorp IN boosted its position in T-Mobile US by 1.9% during the fourth quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock valued at $538,000 after purchasing an additional 62 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of T-Mobile US by 2.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after buying an additional 64 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of T-Mobile US by 3.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock valued at $280,000 after buying an additional 66 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in T-Mobile US by 0.9% in the third quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $1,054,000 after buying an additional 68 shares during the last quarter. Finally, Nvwm LLC raised its position in T-Mobile US by 2.3% during the first quarter. Nvwm LLC now owns 3,059 shares of the Wireless communications provider’s stock valued at $499,000 after acquiring an additional 70 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

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.