T-Mobile US, Inc. (NASDAQ:TMUS) EVP Mark Wolfe Nelson Sells 42,769 Shares of Stock

T-Mobile US, Inc. (NASDAQ:TMUS) EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

T-Mobile US Stock Up 0.6 %

TMUS stock opened at $223.21 on Friday. 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, Inc. has a 52 week low of $136.85 and a 52 week high of $223.45. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a 50 day moving average of $203.23 and a 200 day moving average of $183.05.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data 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 business 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 business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US, Inc. will post 9.14 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.58%. T-Mobile US’s dividend payout ratio is currently 47.89%.

Analyst Ratings Changes

Several research analysts have issued reports on TMUS shares. Oppenheimer increased their target price on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Royal Bank of Canada increased their price objective on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. TD Cowen increased their target price on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Buy” and a consensus target price of $217.50.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently modified their holdings of TMUS. WASHINGTON TRUST Co increased its holdings in T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 83 shares during the period. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US in the second quarter worth $27,000. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US during the second quarter valued at $30,000. Finally, 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 last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.