Mark Wolfe Nelson Sells 6,274 Shares of T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) insider Mark Wolfe Nelson sold 6,274 shares of T-Mobile US stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $219.69, for a total transaction of $1,378,335.06. Following the completion of the transaction, the insider owned 68,006 shares in the company, valued at approximately $14,940,238.14. This trade represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 value of $2,260,992.00.

T-Mobile US Price Performance

Shares of TMUS stock traded down $6.36 during trading hours on Wednesday, hitting $213.25. The company’s stock had a trading volume of 7,435,250 shares, compared to its average volume of 6,760,745. The business has a fifty day moving average of $197.52 and a 200-day moving average of $218.39. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The stock has a market cap of $234.97 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 1.29 and a beta of 0.44. 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 Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Howard Hughes Medical Institute bought a new stake in T-Mobile US during the second quarter worth $25,000. United Community Bank raised its stake in T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in T-Mobile US by 190.0% in the third 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 in the last quarter. JDM Financial Group LLC raised its holdings in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Finally, Aspect Partners LLC grew its holdings in 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 last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Tigress Financial increased 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. Morgan Stanley lowered their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Citigroup reduced their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Wells Fargo & Company increased their price objective on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Barclays lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company 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.