T-Mobile US (NASDAQ:TMUS) CAO Daniel James Drobac Sells 772 Shares of Stock

T-Mobile US, Inc. (NASDAQ:TMUS) CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $182.90 on Tuesday. The firm has a market cap of $196.19 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.17 and a beta of 0.34. The firm’s 50 day simple moving average is $181.94 and its 200-day simple moving average is $190.74. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $244.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the previous year, the business earned $2.84 earnings per share. T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.82 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TMUS. Main Street Group LTD acquired a new stake in shares of T-Mobile US in the first quarter worth approximately $25,000. Paladin Partners LLC acquired a new position in T-Mobile US in the 2nd quarter valued at $25,000. Dunhill Financial LLC purchased a new position in T-Mobile US in the 2nd quarter valued at $27,000. Highland Investment Advisors LLC purchased a new position in T-Mobile US in the 2nd quarter valued at $30,000. Finally, Sachetta LLC boosted its stake in T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. TD Cowen cut their price target on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Monday, July 6th. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of T-Mobile US in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $252.08.

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.