T-Mobile US (NASDAQ:TMUS) Insider Sells $517,923.02 in Stock

T-Mobile US, Inc. (NASDAQ:TMUS) insider Mark Wolfe Nelson sold 2,329 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the transaction, the insider owned 65,677 shares in the company, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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.
• On Tuesday, February 17th, Mark Wolfe Nelson sold 10,240 shares of T-Mobile US stock. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00.

T-Mobile US Stock Up 1.8%

T-Mobile US stock opened at $217.09 on Friday. The firm has a market capitalization of $239.20 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 1.38 and a beta of 0.44. The firm’s fifty day moving average price is $200.69 and its two-hundred day moving average price is $217.29. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

T-Mobile US Announces Dividend

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

Institutional Trading of T-Mobile US

Several hedge funds have recently added to or reduced their stakes in the stock. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $25,000. United Community Bank increased its position in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 76 shares during the last quarter. JDM Financial Group LLC grew its stake in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 65 shares during the period. Finally, Aspect Partners LLC grew its stake in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several analyst reports. Scotiabank cut their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings downgraded shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. TD Cowen cut their price target on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Citigroup reduced their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.