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

T-Mobile US, Inc. (NASDAQ:TMUS) Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $220.69 on Thursday. The firm’s fifty day moving average is $231.36 and its two-hundred day moving average is $204.23. The firm has a market cap of $256.11 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.20 and a beta of 0.53. T-Mobile US, Inc. has a one year low of $153.84 and a one 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.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period last year, the company earned $1.82 earnings per share. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 40.14%.

Institutional Trading of T-Mobile US

Hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC boosted its stake in shares of T-Mobile US by 11.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 13,110 shares of the Wireless communications provider’s stock worth $2,310,000 after acquiring an additional 1,330 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in T-Mobile US by 15.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,794 shares of the Wireless communications provider’s stock worth $316,000 after purchasing an additional 240 shares during the period. Shelton Wealth Management LLC boosted its position in T-Mobile US by 51.2% during the second quarter. Shelton Wealth Management LLC now owns 5,018 shares of the Wireless communications provider’s stock worth $884,000 after purchasing an additional 1,700 shares in the last quarter. Fortis Capital Management LLC purchased a new stake in shares of T-Mobile US in the second quarter valued at approximately $2,349,000. Finally, American National Bank raised its stake in shares of T-Mobile US by 46.4% during the 2nd quarter. American National Bank now owns 262 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 83 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TMUS has been the topic of a number of recent research reports. Oppenheimer raised their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company increased their target price on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. TD Cowen lifted their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley initiated coverage on T-Mobile US in a report on Monday. They set an “overweight” rating and a $280.00 price objective for the company. Finally, Royal Bank of Canada boosted their target price 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. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.