T-Mobile US, Inc. (NASDAQ:TMUS) Insider Michael J. Katz Sells 3,000 Shares

T-Mobile US, Inc. (NASDAQ:TMUSGet Free Report) insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The sale was disclosed in a legal filing with the SEC, which is available through this link.

T-Mobile US Stock Performance

TMUS stock opened at $162.08 on Wednesday. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average of $162.58 and a 200-day moving average of $154.30. The firm has a market cap of $192.37 billion, a PE ratio of 23.47, a P/E/G ratio of 0.66 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $19.67 billion. During the same quarter in the previous year, the company posted $1.18 EPS. T-Mobile US’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 8.98 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.60%. T-Mobile US’s payout ratio is 37.52%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TMUS shares. Tigress Financial boosted their price objective on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and set a $184.00 price objective on shares of T-Mobile US in a report on Wednesday, March 20th. UBS Group boosted their price objective on T-Mobile US from $180.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Morgan Stanley boosted their price objective on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $185.93.

Check Out Our Latest Stock Report on TMUS

Hedge Funds Weigh In On T-Mobile US

Institutional investors have recently bought and sold shares of the company. BluePath Capital Management LLC purchased a new position in T-Mobile US in the third quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new stake in shares of T-Mobile US during the fourth quarter worth $27,000. Valley National Advisers Inc. lifted its position 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 worth $28,000 after acquiring an additional 123 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in shares of T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 81 shares in the last quarter. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of T-Mobile US during the first quarter worth $31,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

About T-Mobile US

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for T-Mobile US (NASDAQ:TMUS)

Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.