G Michael Sievert Sells 20,000 Shares of T-Mobile US, Inc. (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

T-Mobile US Stock Up 0.8 %

NASDAQ TMUS traded up $1.88 during mid-day trading on Wednesday, reaching $240.88. 3,819,976 shares of the company’s stock traded hands, compared to its average volume of 4,445,429. 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 has a fifty day simple moving average of $213.37 and a 200-day simple moving average of $191.28. The company has a market cap of $279.54 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 1.22 and a beta of 0.50. T-Mobile US, Inc. has a 1-year low of $145.77 and a 1-year high of $241.09.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the firm earned $1.82 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.46%. T-Mobile US’s payout ratio is currently 40.14%.

Hedge Funds Weigh In On T-Mobile US

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group grew its stake in shares of T-Mobile US by 2.6% in the 3rd quarter. Brooklyn Investment Group now owns 5,147 shares of the Wireless communications provider’s stock worth $1,062,000 after purchasing an additional 129 shares during the last quarter. FMR LLC lifted its holdings in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of T-Mobile US by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 730,061 shares of the Wireless communications provider’s stock valued at $150,655,000 after buying an additional 6,885 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of T-Mobile US by 5.6% in the 3rd quarter. Bank of Montreal Can now owns 1,069,371 shares of the Wireless communications provider’s stock valued at $219,414,000 after purchasing an additional 56,493 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of T-Mobile US by 64.1% during the third quarter. Brown Brothers Harriman & Co. now owns 6,315 shares of the Wireless communications provider’s stock worth $1,303,000 after purchasing an additional 2,467 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Finally, BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.