T-Mobile US, Inc. (NASDAQ:TMUS – Get a rating) CEO Michael Sievert sold 20,000 shares of the company in a trade that took place on Wednesday, August 10. The shares were sold at an average price of $146.92, for a total value of $2,938,400.00. Following completion of the transaction, the CEO now directly owns 634,472 shares of the company, valued at $93,216,626.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website.
T-Mobile US stock up 2.0%
Shares of NASDAQ:TMUS opened at $146.46 on Friday. The company has a market capitalization of $183.67 billion, a PE ratio of 106.91, a price-to-earnings growth ratio of 2.26 and a beta of 0.48. The company has a debt ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.74. The company has a fifty-day moving average price of $136.32 and a two-hundred-day moving average price of $129.75. T-Mobile US, Inc. has a 1-year low of $101.51 and a 1-year high of $147.68.
T-Mobile United States (NASDAQ:TMUS – Get a rating) last reported quarterly earnings data on Wednesday, July 27. The wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.41 per ($0.50). The company posted revenue of $19.70 billion in the quarter, versus a consensus estimate of $20.08 billion. T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The company’s revenue for the quarter was down 1.2% from the same quarter last year. In the same quarter last year, the company achieved EPS of $0.78. Analysts expect T-Mobile US, Inc. to post earnings per share of 2.27 for the current year.
Changes to analyst ratings
A number of brokerages have weighed in on TMUS recently. Tigress Financial raised its target price on T-Mobile US from $185.00 to $195.00 in a Friday, June 24 research report. Deutsche Bank Aktiengesellschaft raised its target price on T-Mobile US from $185.00 to $190.00 in a Tuesday, July 19 research report. UBS Group set a target price of $177.00 on T-Mobile US in a Monday, June 20 research report. Moffett Nathanson lowered his target price on T-Mobile US to $165.00 in a Wednesday, May 25 research report. Finally, Benchmark raised its target price on T-Mobile US from $200.00 to $205.00 in a Thursday, April 28 research report. One analyst rated the stock with a sell rating, three gave a hold rating, ten gave a buy rating and two gave the company’s stock a strong buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.68.
Institutional entries and exits
Institutional investors and hedge funds have recently changed their positions in the company. Cerity Partners LLC increased its stake in T-Mobile US shares by 23.0% during the 1st quarter. Cerity Partners LLC now owns 4,510 shares of the wireless communications provider worth $580,000 after acquiring an additional 843 shares during the period. Benjamin Edwards Inc. increased its stake in T-Mobile US shares by 703.5% during the 4th quarter. Benjamin Edwards Inc. now owns 1,599 shares of the wireless communications provider worth $185,000 after acquiring an additional 1,400 shares during the period. Boston Partners increased its stake in T-Mobile US by 64.9% in the 1st quarter. Boston Partners now owns 3,073,010 shares of the wireless communications provider worth $394,862,000 after buying an additional 1,209,516 shares last quarter. Mount Yale Investment Advisors LLC increased its stake in T-Mobile US by 14.1% in Q1. Mount Yale Investment Advisors LLC now owns 17,344 shares of the wireless communications provider worth $2,226,000 after buying 2,147 additional shares last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in T-Mobile US by 4.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 19,186 shares of the wireless communications provider worth $2,463,000 after buying 824 additional shares last quarter. Institutional investors hold 45.24% of the company’s shares.
About T-Mobile USA
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in postpaid, prepaid and wholesale markets. It also provides wireless devices, including smartphones, wearables, tablets and other mobile communication devices, as well as wireless devices and accessories.
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