Srikant M. Datar Sells 730 Shares of T-Mobile US, Inc. (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $265.24 on Friday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The business has a 50 day moving average price of $239.80 and a two-hundred day moving average price of $226.21. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market cap of $302.84 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. T-Mobile US’s payout ratio is 36.40%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TMUS. Robeco Institutional Asset Management B.V. grew its position in shares of T-Mobile US by 146.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 158,744 shares of the Wireless communications provider’s stock worth $32,758,000 after acquiring an additional 94,242 shares in the last quarter. ASB Consultores LLC acquired a new position in shares of T-Mobile US in the 3rd quarter worth approximately $254,000. United Advisor Group LLC grew its position in shares of T-Mobile US by 10.7% in the 3rd quarter. United Advisor Group LLC now owns 1,847 shares of the Wireless communications provider’s stock worth $381,000 after acquiring an additional 179 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new position in shares of T-Mobile US in the 3rd quarter worth approximately $249,000. Finally, Hardman Johnston Global Advisors LLC boosted its position in T-Mobile US by 2.1% during the 3rd quarter. Hardman Johnston Global Advisors LLC now owns 135,095 shares of the Wireless communications provider’s stock valued at $27,878,000 after purchasing an additional 2,825 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TMUS shares. Bank of America increased their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Oppenheimer raised their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday. Finally, Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.10.

T-Mobile US Company Profile

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.