T-Mobile US (NASDAQ:TMUS) CAO Daniel James Drobac Sells 113 Shares of Company Stock

T-Mobile US, Inc. (NASDAQ:TMUS – Get Free Report) CAO Daniel James Drobac sold 113 shares of T-Mobile US stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $154.18, for a total transaction of $17,422.34. Following the sale, the chief accounting officer owned 37,738 shares of the company’s stock, valued at $5,818,444.84. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel James Drobac also recently made the following trade(s):

  • On Thursday, September 10th, Daniel James Drobac sold 772 shares of T-Mobile US stock. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76.

T-Mobile US Price Performance

Shares of TMUS stock opened at $154.41 on Wednesday. The company has a market capitalization of $163.56 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.93 and a beta of 0.40. The company’s 50-day simple moving average is $166.10 and its two-hundred day simple moving average is $186.58. T-Mobile US, Inc. has a one year low of $143.75 and a one year high of $224.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.33. The firm had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 earnings per share. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 11.44 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be paid a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 3.0%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US’s payout ratio is currently 39.38%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. Citigroup cut their price target on T-Mobile US from $225.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. Raymond James Financial upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price target on the stock in a research note on Monday, October 12th. Scotiabank lifted their price objective on T-Mobile US from $212.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, October 29th. Finally, Morgan Stanley lowered their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.25.

Check Out Our Latest Research Report on TMUS

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. raised its stake in shares of T-Mobile US by 7,413.5% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 45,607 shares of the Wireless communications provider’s stock valued at $7,438,000 after buying an additional 45,000 shares during the last quarter. M Holdings Securities Inc. purchased a new stake in shares of T-Mobile US in the third quarter worth about $331,000. Candriam S.C.A. boosted its stake in shares of T-Mobile US by 1.5% in the third quarter. Candriam S.C.A. now owns 41,278 shares of the Wireless communications provider’s stock worth $6,756,000 after buying an additional 600 shares during the last quarter. StoneX Group Inc. boosted its stake in shares of T-Mobile US by 16.5% in the third quarter. StoneX Group Inc. now owns 17,647 shares of the Wireless communications provider’s stock worth $2,886,000 after buying an additional 2,501 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in T-Mobile US by 39.8% during the third quarter. Pictet Asset Management Holding SA now owns 411,129 shares of the Wireless communications provider’s stock worth $67,045,000 after acquiring an additional 117,012 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

About T-Mobile US

(Get Free Report)

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.

Further Reading

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

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