Insider Selling: T-Mobile US, Inc. (NASDAQ:TMUS) Insider Sells $615,900.00 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the sale, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

T-Mobile US Trading Up 0.1 %

TMUS opened at $208.28 on Friday. T-Mobile US, Inc. has a 52 week low of $136.84 and a 52 week high of $209.26. The business has a fifty day simple moving average of $197.46 and a 200-day simple moving average of $179.32. The firm has a market cap of $244.07 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.07 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last released 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 return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same period last year, the business posted $1.86 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts expect that T-Mobile US, Inc. will post 9.13 earnings per share for the current year.

T-Mobile US Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on TMUS shares. Morgan Stanley increased their price target on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Oppenheimer increased their price target on T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Royal Bank of Canada increased their price target on T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Finally, Wells Fargo & Company increased their price target on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Nineteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $216.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TMUS. WASHINGTON TRUST Co boosted its holdings in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Summit Securities Group LLC purchased a new position in T-Mobile US in the second quarter valued at $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US in the second quarter valued at $27,000. Westside Investment Management Inc. boosted its holdings in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in T-Mobile US in the second quarter valued at $30,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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.