Mark Wolfe Nelson Sells 42,769 Shares of T-Mobile US, Inc. (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

T-Mobile US Stock Up 0.6 %

NASDAQ:TMUS traded up $1.26 during trading hours on Friday, reaching $223.21. The company’s stock had a trading volume of 3,334,256 shares, compared to its average volume of 4,478,292. The company has a market capitalization of $261.57 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a 12 month low of $136.85 and a 12 month high of $223.45. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a 50 day moving average price of $202.65 and a two-hundred day moving average price of $182.63.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.58%. T-Mobile US’s dividend payout ratio is presently 47.89%.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently made changes to their positions in TMUS. WASHINGTON TRUST Co increased its position in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the period. Summit Securities Group LLC acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $27,000. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $27,000. Westside Investment Management Inc. increased its position in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $30,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. KeyCorp raised their target price on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Evercore ISI raised their price target on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Tigress Financial raised their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Morgan Stanley raised their price target on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company raised their price objective on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Buy” and a consensus target price of $217.50.

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.