T-Mobile US, Inc. (NASDAQ:TMUS) EVP Sells $2,933,030.00 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. The sale was disclosed in a filing with the SEC, which is available through this link.

T-Mobile US Stock Up 0.3 %

Shares of NASDAQ TMUS opened at $194.20 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.86. The company has a 50-day moving average price of $179.96 and a 200-day moving average price of $169.02. The stock has a market capitalization of $227.57 billion, a P/E ratio of 26.42, a P/E/G ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $131.47 and a 1 year high of $194.38.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.86 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.05 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.34%. T-Mobile US’s payout ratio is currently 35.37%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price target on the stock. Evercore ISI upgraded T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. TD Cowen raised their price target on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $196.75.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. WASHINGTON TRUST Co raised its stake in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares in the last quarter. Private Wealth Management Group LLC purchased a new position in T-Mobile US during the fourth quarter valued at $27,000. Summit Securities Group LLC bought a new stake in T-Mobile US during the second quarter worth about $27,000. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, Valley National Advisers Inc. increased its holdings in shares of T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.