T-Mobile US (NASDAQ:TMUS) Insider Mark Wolfe Nelson Sells 10,240 Shares

T-Mobile US, Inc. (NASDAQ:TMUS) insider Mark Wolfe Nelson sold 10,240 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total value of $2,260,992.00. Following the completion of the sale, the insider directly owned 74,280 shares of the company’s stock, valued at approximately $16,401,024. The trade was a 12.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, February 18th, Mark Wolfe Nelson sold 6,274 shares of T-Mobile US stock. The shares were sold at an average price of $219.69, for a total value of $1,378,335.06.

T-Mobile US Stock Performance

T-Mobile US stock traded down $6.36 during trading hours on Wednesday, reaching $213.25. 7,435,250 shares of the company were exchanged, compared to its average volume of 6,760,745. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $276.49. The firm has a market cap of $234.97 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.29 and a beta of 0.44. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average of $197.52 and a 200 day moving average of $218.39.

T-Mobile US Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on TMUS shares. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. TD Cowen reduced their price objective on T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Argus lowered their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Finally, Oppenheimer cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $256.65.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds have recently made changes to their positions in TMUS. Haven Private LLC raised its position in shares of T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after acquiring an additional 42 shares during the last quarter. Cetera Trust Company N.A grew its stake in shares of T-Mobile US by 0.4% during the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after purchasing an additional 45 shares during the period. L2 Asset Management LLC increased its holdings in T-Mobile US by 2.2% in the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock valued at $496,000 after purchasing an additional 45 shares during the last quarter. City Holding Co. lifted its stake in T-Mobile US by 48.4% in the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after buying an additional 46 shares during the period. Finally, PAX Financial Group LLC boosted its holdings in T-Mobile US by 4.1% during the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds 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.