T-Mobile US, Inc. (NASDAQ:TMUS) Director Letitia A. Long Sells 1,100 Shares

T-Mobile US, Inc. (NASDAQ:TMUS) Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

T-Mobile US Price Performance

T-Mobile US stock opened at $220.69 on Thursday. T-Mobile US, Inc. has a 1 year low of $153.84 and a 1 year high of $248.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company’s 50 day simple moving average is $231.36 and its 200-day simple moving average is $204.23. The company has a market capitalization of $256.11 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 1.20 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating 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 business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares in the last quarter. Barclays PLC boosted its stake in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares during the period. Wellington Management Group LLP lifted its position in T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the period. Franklin Resources Inc. grew its position in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after buying an additional 590,711 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TMUS. Royal Bank of Canada lifted their price target on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Benchmark upped their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley started coverage on shares of T-Mobile US in a research note on Monday. They issued an “overweight” rating and a $280.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $247.58.

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.