T-Mobile US (NASDAQ:TMUS) Director G Michael Sievert Sells 80,000 Shares

T-Mobile US, Inc. (NASDAQ:TMUS) Director G Michael Sievert sold 80,000 shares of T-Mobile US stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the sale, the director directly owned 140,696 shares in the company, valued at approximately $30,241,198.24. The trade was a 36.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

T-Mobile US Trading Up 2.1%

NASDAQ TMUS opened at $219.95 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $242.35 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.38 and a beta of 0.44. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $276.49. The firm has a 50-day moving average price of $199.16 and a 200 day moving average price of $217.70.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend 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 currently 42.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMUS. Strategic Blueprint LLC lifted its position in T-Mobile US by 7.7% during the second quarter. Strategic Blueprint LLC now owns 1,261 shares of the Wireless communications provider’s stock worth $300,000 after buying an additional 90 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in shares of T-Mobile US by 5.1% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 2,068 shares of the Wireless communications provider’s stock valued at $493,000 after acquiring an additional 100 shares during the last quarter. Interchange Capital Partners LLC increased its stake in shares of T-Mobile US by 3.2% during the 2nd quarter. Interchange Capital Partners LLC now owns 1,925 shares of the Wireless communications provider’s stock valued at $459,000 after acquiring an additional 60 shares during the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of T-Mobile US by 14.5% during the 2nd quarter. Ingalls & Snyder LLC now owns 121,700 shares of the Wireless communications provider’s stock worth $28,996,000 after acquiring an additional 15,374 shares during the period. Finally, University of Texas Texas AM Investment Management Co. boosted its position in shares of T-Mobile US by 8,847.1% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 38,025 shares of the Wireless communications provider’s stock worth $9,060,000 after acquiring an additional 37,600 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on TMUS shares. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Argus lowered their price target on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Barclays raised their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group increased their target price on shares of T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US Company Profile

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.