T-Mobile US (NASDAQ:TMUS) Director Sells $3,061,393.77 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director G Michael Sievert sold 13,911 shares of T-Mobile US stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $220.07, for a total value of $3,061,393.77. Following the completion of the transaction, the director owned 126,785 shares in the company, valued at approximately $27,901,574.95. This represents a 9.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

G Michael Sievert also recently made the following trade(s):

• On Tuesday, February 24th, G Michael Sievert sold 1,089 shares of T-Mobile US stock. The shares were sold at an average price of $221.85, for a total transaction of $241,594.65.
• On Thursday, February 19th, G Michael Sievert sold 80,000 shares of T-Mobile US stock. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00.

T-Mobile US Stock Up 1.8%

Shares of NASDAQ:TMUS opened at $217.09 on Friday. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $276.49. The company has a market capitalization of $239.20 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.38 and a beta of 0.44. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The company has a fifty day moving average of $200.69 and a 200-day moving average of $217.29.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.02%.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently bought and sold shares of TMUS. Haven Private LLC grew its holdings in T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after acquiring an additional 42 shares during the period. Cetera Trust Company N.A boosted its position in shares of T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after purchasing an additional 45 shares in the last quarter. L2 Asset Management LLC grew its stake in T-Mobile US by 2.2% during the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares during the period. City Holding Co. increased its holdings in T-Mobile US by 48.4% in the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 46 shares in the last quarter. Finally, PAX Financial Group LLC increased its holdings in T-Mobile US by 4.1% in the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. Tigress Financial raised their price objective on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Scotiabank reduced their price objective on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 12th. Finally, Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.09.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.