T-Mobile US, Inc. (NASDAQ:TMUS) EVP Sells $2,561,325.00 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $1,015,300. The trade was a 71.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $237.75 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company’s 50-day moving average price is $214.22 and its 200-day moving average price is $191.62. The company has a market cap of $275.91 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.22 and a beta of 0.50. T-Mobile US, Inc. has a twelve month low of $145.77 and a twelve month high of $242.43.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the firm earned $1.82 EPS. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.36 earnings per share 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 paid a $0.88 dividend. 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 dividend on an annualized basis and a yield of 1.48%. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. KPP Advisory Services LLC raised its holdings in shares of T-Mobile US by 2.6% in the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after buying an additional 45 shares during the last quarter. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares in the last quarter. Davis Investment Partners LLC lifted its holdings in shares of T-Mobile US by 0.6% in the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after purchasing an additional 51 shares in the last quarter. Barden Capital Management Inc. increased its position in T-Mobile US by 0.8% during the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock worth $1,408,000 after buying an additional 54 shares in the last quarter. Finally, Compton Wealth Advisory Group LLC raised its stake in T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after purchasing an additional 56 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. Oppenheimer upped their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Benchmark lifted their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. TD Cowen raised their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada upped their price objective on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

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.