J Braxton Carter II Sells 15,000 Shares of T-Mobile US, Inc. (TMUS) Stock
T-Mobile US, Inc. (NASDAQ:TMUS) CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.97, for a total value of $944,550.00. Following the sale, the chief financial officer now directly owns 163,688 shares in the company, valued at $10,307,433.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of T-Mobile US, Inc. (TMUS) traded up $0.35 during midday trading on Wednesday, reaching $63.83. 6,759,343 shares of the company were exchanged, compared to its average volume of 4,329,759. T-Mobile US, Inc. has a 52 week low of $54.60 and a 52 week high of $68.88. The stock has a market cap of $52,810.00, a price-to-earnings ratio of 28.54, a P/E/G ratio of 1.18 and a beta of 0.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts predict that T-Mobile US, Inc. will post 2.41 earnings per share for the current year.
T-Mobile US declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
TMUS has been the topic of several research reports. Jefferies Group cut their price objective on T-Mobile US from $83.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. BTIG Research lifted their price objective on T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Deutsche Bank raised T-Mobile US from a “hold” rating to a “buy” rating and lifted their price objective for the company from $56.22 to $65.00 in a research report on Thursday, November 9th. BidaskClub cut T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Finally, Bank of America boosted their price target on T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $69.70.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rational Advisors LLC purchased a new position in T-Mobile US in the 3rd quarter worth approximately $105,000. Capital Bank & Trust Co raised its holdings in T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 2,190 shares during the last quarter. Opera Trading Capital purchased a new position in T-Mobile US in the 3rd quarter worth approximately $154,000. Proficio Capital Partners LLC raised its holdings in T-Mobile US by 54.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock worth $157,000 after acquiring an additional 871 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in T-Mobile US in the 2nd quarter worth approximately $159,000. Institutional investors own 34.96% of the company’s stock.
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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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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