Insider Selling: T-Mobile US (NASDAQ:TMUS) Director Sells 22,500 Shares of Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the sale, the director directly owned 308,696 shares of the company’s stock, valued at $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

G Michael Sievert also recently made the following trade(s):

• On Monday, November 17th, G Michael Sievert sold 22,500 shares of T-Mobile US stock. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00.

T-Mobile US Stock Down 0.8%

TMUS traded down $1.81 during trading on Wednesday, hitting $211.27. 3,681,840 shares of the company’s stock were exchanged, compared to its average volume of 4,421,846. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a fifty-two week low of $199.41 and a fifty-two week high of $276.49. The stock has a market cap of $236.31 billion, a P/E ratio of 20.31, a PEG ratio of 1.51 and a beta of 0.57. The business’s 50 day moving average is $225.27 and its two-hundred day moving average is $235.30.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the business earned $2.61 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s payout ratio is 39.23%.

Institutional Trading of T-Mobile US

A number of large investors have recently modified their holdings of TMUS. Allworth Financial LP raised its position in T-Mobile US by 14.2% in the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after acquiring an additional 810 shares during the period. NorthCrest Asset Manangement LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter worth $284,000. Crestwood Advisors Group LLC increased its stake in shares of T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 724 shares in the last quarter. Berkshire Bank raised its holdings in T-Mobile US by 12.5% in the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after purchasing an additional 1,400 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in T-Mobile US by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock valued at $255,187,000 after purchasing an additional 8,227 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. TD Cowen reduced their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Morgan Stanley decreased their price objective on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Finally, Zacks Research cut shares of T-Mobile US from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $266.83.

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.