Srikant M. Datar Sells 1,000 Shares of T-Mobile US, Inc. (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

T-Mobile US Stock Down 0.9 %

Shares of TMUS traded down $2.12 during mid-day trading on Monday, hitting $244.82. The company’s stock had a trading volume of 3,225,645 shares, compared to its average volume of 4,377,250. 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’s 50-day moving average is $223.98 and its 200-day moving average is $198.25. T-Mobile US, Inc. has a 52-week low of $151.38 and a 52-week high of $248.15. The firm has a market capitalization of $284.11 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.26 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business earned $1.82 earnings per share. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.44%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently added to or reduced their stakes in TMUS. Inspire Trust Co. N.A. grew its position in shares of T-Mobile US by 9.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 11,512 shares of the Wireless communications provider’s stock worth $2,376,000 after buying an additional 1,026 shares during the last quarter. Old North State Trust LLC boosted its stake in T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after acquiring an additional 50 shares in the last quarter. Franklin Resources Inc. grew its holdings in T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares during the last quarter. Destination Wealth Management acquired a new stake in shares of T-Mobile US in the 3rd quarter worth $246,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in T-Mobile US during the 3rd quarter valued at about $1,375,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Bank of America raised their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Evercore ISI raised their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Tigress Financial upped their target price on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Monday. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.33.

T-Mobile US Company Profile

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.