T-Mobile US, Inc. (NASDAQ:TMUS) Director Sells $30,808,098.10 in Stock

Posted by Defense World Staff on May 8th, 2024

T-Mobile US, Inc. (NASDAQ:TMUS – Get Free Report) Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $162.43, for a total value of $30,808,098.10. Following the completion of the sale, the director now owns 676,969,021 shares of the company’s stock, valued at approximately $109,960,078,081.03. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Telekom Ag Deutsche also recently made the following trade(s):

On Friday, May 3rd, Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock. The shares were sold at an average price of $164.63, for a total transaction of $31,225,372.10.
On Wednesday, May 1st, Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock. The stock was sold at an average price of $165.67, for a total transaction of $31,422,628.90.
On Monday, April 29th, Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock. The shares were sold at an average price of $164.15, for a total transaction of $31,134,330.50.
On Friday, April 26th, Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock. The stock was sold at an average price of $163.26, for a total value of $30,965,524.20.
On Wednesday, April 24th, Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock. The shares were sold at an average price of $163.61, for a total value of $31,031,908.70.
On Monday, April 22nd, Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock. The shares were sold at an average price of $162.58, for a total value of $30,836,548.60.
On Friday, April 19th, Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock. The stock was sold at an average price of $161.87, for a total transaction of $30,701,882.90.
On Wednesday, April 17th, Telekom Ag Deutsche sold 170,703 shares of T-Mobile US stock. The shares were sold at an average price of $159.98, for a total transaction of $27,309,065.94.
On Monday, April 15th, Telekom Ag Deutsche sold 170,703 shares of T-Mobile US stock. The stock was sold at an average price of $160.24, for a total transaction of $27,353,448.72.
On Friday, April 12th, Telekom Ag Deutsche sold 170,703 shares of T-Mobile US stock. The stock was sold at an average price of $160.08, for a total transaction of $27,326,136.24.

T-Mobile US Price Performance

NASDAQ TMUS opened at $162.19 on Wednesday. T-Mobile US, Inc. has a 1 year low of $124.92 and a 1 year high of $168.64. The business’s fifty day moving average is $162.61 and its two-hundred day moving average is $158.34. The stock has a market capitalization of $190.06 billion, a P/E ratio of 22.07, a P/E/G ratio of 0.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. T-Mobile US’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts forecast that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is presently 35.37%.

Analysts Set New Price Targets

A number of research analysts have commented on TMUS shares. Royal Bank of Canada boosted their price objective on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Morgan Stanley upped their price target on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Oppenheimer reiterated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. Finally, TD Cowen dropped their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $186.33.

Get Our Latest Stock Report on TMUS

Hedge Funds Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in T-Mobile US in the 4th quarter worth about $3,338,708,000. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of T-Mobile US by 243.9% in the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after purchasing an additional 2,071,489 shares in the last quarter. Putnam Investments LLC boosted its holdings in shares of T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in T-Mobile US by 90.5% during the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after purchasing an additional 1,190,813 shares in the last quarter. Institutional investors and hedge funds 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.