T-Mobile US (NASDAQ:TMUS) Insider Mark Wolfe Nelson Sells 10,240 Shares

T-Mobile US, Inc. (NASDAQ:TMUS) insider Mark Wolfe Nelson sold 10,240 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the transaction, the insider owned 74,280 shares of the company’s stock, valued at approximately $16,401,024. This represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mark Wolfe Nelson also recently made the following trade(s):

• On Wednesday, February 18th, Mark Wolfe Nelson sold 6,274 shares of T-Mobile US stock. The shares were sold at an average price of $219.69, for a total transaction of $1,378,335.06.

T-Mobile US Trading Down 2.9%

TMUS stock traded down $6.36 during midday trading on Wednesday, hitting $213.25. 7,435,250 shares of the company’s stock were exchanged, compared to its average volume of 6,760,745. The stock’s fifty day moving average price is $197.52 and its 200-day moving average price is $218.39. 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 market cap of $234.97 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.29 and a beta of 0.44. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $276.49.

T-Mobile US Announces Dividend

The business 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 is Friday, February 27th. T-Mobile US’s dividend payout ratio is 42.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. EP Wealth Advisors LLC bought a new position in T-Mobile US during the fourth quarter worth $2,599,000. Coastal Bridge Advisors LLC boosted its holdings in shares of T-Mobile US by 7.2% during the 4th quarter. Coastal Bridge Advisors LLC now owns 21,597 shares of the Wireless communications provider’s stock worth $4,385,000 after buying an additional 1,444 shares during the period. NewEdge Advisors LLC grew its stake in T-Mobile US by 3.6% in the 4th quarter. NewEdge Advisors LLC now owns 238,329 shares of the Wireless communications provider’s stock valued at $48,390,000 after buying an additional 8,268 shares during the last quarter. Empowered Funds LLC raised its holdings in T-Mobile US by 16.3% in the 4th quarter. Empowered Funds LLC now owns 29,512 shares of the Wireless communications provider’s stock valued at $5,992,000 after acquiring an additional 4,144 shares during the period. Finally, VestGen Investment Management lifted its position in T-Mobile US by 32.8% during the fourth quarter. VestGen Investment Management now owns 1,238 shares of the Wireless communications provider’s stock worth $251,000 after acquiring an additional 306 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TMUS. Sanford C. Bernstein reduced their target price on shares of T-Mobile US from $265.00 to $245.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. Barclays upped their price target on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. Finally, Argus reduced their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $256.65.

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.