Mark Wolfe Nelson Sells 6,274 Shares of T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) insider Mark Wolfe Nelson sold 6,274 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $219.69, for a total transaction of $1,378,335.06. Following the completion of the transaction, the insider owned 68,006 shares in the company, valued at $14,940,238.14. This trade represents a 8.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mark Wolfe Nelson also recently made the following trade(s):

• On Tuesday, February 17th, Mark Wolfe Nelson sold 10,240 shares of T-Mobile US stock. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00.

T-Mobile US Stock Performance

Shares of TMUS stock traded down $6.36 during mid-day trading on Wednesday, reaching $213.25. 7,435,250 shares of the company’s stock traded hands, compared to its average volume of 6,760,745. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market capitalization of $234.97 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.29 and a beta of 0.44. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $276.49. The firm has a 50 day moving average price of $197.52 and a two-hundred day moving average price of $218.39.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio is 42.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Scotiabank lowered their price objective on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 12th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a report on Friday, February 13th. Oppenheimer downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. Finally, Tigress Financial upped their target price on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.65.

Institutional Trading of T-Mobile US

A number of hedge funds and other institutional investors have recently bought and sold shares of TMUS. Harbour Investments Inc. raised its stake in T-Mobile US by 8.9% in the second quarter. Harbour Investments Inc. now owns 1,131 shares of the Wireless communications provider’s stock worth $269,000 after buying an additional 92 shares in the last quarter. Balboa Wealth Partners lifted its stake in T-Mobile US by 37.4% in the 2nd quarter. Balboa Wealth Partners now owns 1,241 shares of the Wireless communications provider’s stock valued at $296,000 after buying an additional 338 shares in the last quarter. Stephens Inc. AR raised its holdings in T-Mobile US by 4.9% in the 2nd quarter. Stephens Inc. AR now owns 10,745 shares of the Wireless communications provider’s stock valued at $2,560,000 after acquiring an additional 505 shares during the last quarter. WBH Advisory Inc. grew its position in T-Mobile US by 19.7% in the second quarter. WBH Advisory Inc. now owns 2,959 shares of the Wireless communications provider’s stock worth $705,000 after acquiring an additional 488 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in shares of T-Mobile US by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 474,289 shares of the Wireless communications provider’s stock valued at $111,437,000 after acquiring an additional 2,093 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.