T-Mobile US, Inc. (NASDAQ:TMUS) Insider Sells $532,770.00 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the sale, the insider now directly owns 122,687 shares in the company, valued at approximately $21,787,984.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

T-Mobile US Trading Down 0.8 %

Shares of NASDAQ:TMUS opened at $178.46 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a 52-week low of $131.47 and a 52-week high of $182.67. The stock has a market cap of $209.13 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 0.70 and a beta of 0.51. The business has a 50-day moving average price of $170.80 and a 200-day moving average price of $164.95.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. During the same period last year, the firm posted $1.58 EPS. T-Mobile US’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts predict that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.46%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. Sei Investments Co. grew its holdings in T-Mobile US by 3.1% during the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after acquiring an additional 5,552 shares during the period. Pacer Advisors Inc. increased its holdings in shares of T-Mobile US by 31.4% during the 4th quarter. Pacer Advisors Inc. now owns 107,660 shares of the Wireless communications provider’s stock valued at $17,261,000 after purchasing an additional 25,700 shares in the last quarter. Caprock Group LLC lifted its stake in shares of T-Mobile US by 105.8% in the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after purchasing an additional 11,854 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in T-Mobile US by 41.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock worth $2,595,000 after buying an additional 4,777 shares in the last quarter. Finally, Cerity Partners LLC grew its position in T-Mobile US by 136.8% during the fourth quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock valued at $10,096,000 after buying an additional 36,374 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. KeyCorp lifted their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Royal Bank of Canada upped their price target on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. StockNews.com cut T-Mobile US from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $190.79.

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.