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 that occurred on Tuesday, October 1st. The stock was 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 of the company’s stock, valued at approximately $24,571,741.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

T-Mobile US Stock Up 1.0 %

Shares of T-Mobile US stock traded up $1.98 during trading on Wednesday, hitting $208.08. 2,234,567 shares of the stock traded hands, compared to its average volume of 4,585,176. The company has a fifty day moving average price of $196.15 and a two-hundred day moving average price of $178.79. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $208.36. The stock has a market cap of $243.84 billion, a P/E ratio of 28.31, a PEG ratio of 1.07 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last posted its 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 company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 9.13 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is 47.89%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Scotiabank upped their price objective on T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a report on Thursday, September 19th. KeyCorp increased their target price on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. TD Cowen lifted their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Bank of America lifted their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $216.36.

Institutional Investors Weigh In On T-Mobile US

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after buying an additional 1,667,778 shares during the last quarter. Wellington Management Group LLP grew its position in shares of T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. Legal & General Group Plc increased its stake in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of T-Mobile US by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after purchasing an additional 184,059 shares during the last quarter. Finally, Putnam Investments LLC grew its holdings in T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after buying an additional 1,682,743 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

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.