Letitia Long Sells 1,457 Shares of T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director Letitia Long sold 1,457 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director owned 5,438 shares in the company, valued at approximately $1,143,720.16. The trade was a 21.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

T-Mobile US Stock Down 3.0%

Shares of NASDAQ TMUS opened at $195.32 on Thursday. The stock has a market capitalization of $218.47 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.29 and a beta of 0.44. The company has a 50-day moving average price of $215.14 and a 200-day moving average price of $231.29. T-Mobile US, Inc. has a 1 year low of $194.89 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the prior year, the business posted $2.61 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is 39.23%.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Activest Wealth Management raised its position in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the period. Howard Hughes Medical Institute bought a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $25,000. United Community Bank increased its stake in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Missouri Trust & Investment Co raised its holdings in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the period. Finally, Elevation Wealth Partners LLC raised its holdings in shares of T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on TMUS. Argus cut their target price on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price for the company in a research note on Friday, October 24th. TD Cowen lowered their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a report on Friday, October 24th. Finally, Moffett Nathanson boosted their price target on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $265.17.

About T-Mobile US

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.