T-Mobile US (NASDAQ:TMUS) Stock: Insider Daniel James Drobac Sells 113 Shares

T-Mobile US, Inc. (NASDAQ:TMUS – Get Free Report) CAO Daniel James Drobac sold 113 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $154.18, for a total transaction of $17,422.34. Following the completion of the transaction, the chief accounting officer directly owned 37,738 shares in the company, valued at $5,818,444.84. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel James Drobac also recently made the following trade(s):

  • On Thursday, September 10th, Daniel James Drobac sold 772 shares of T-Mobile US stock. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76.

T-Mobile US Price Performance

NASDAQ TMUS opened at $159.17 on Thursday. The business has a 50 day simple moving average of $165.66 and a 200 day simple moving average of $186.42. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. T-Mobile US, Inc. has a 52-week low of $143.75 and a 52-week high of $224.75. The stock has a market cap of $168.60 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 0.90 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm had revenue of $23.58 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business earned $2.41 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 11.44 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. The ex-dividend date is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.9%. T-Mobile US’s dividend payout ratio is presently 45.17%.

Institutional Trading of T-Mobile US

A number of institutional investors have recently modified their holdings of TMUS. Cornerstone Wealth Management LLC boosted its stake in T-Mobile US by 9.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,105 shares of the Wireless communications provider’s stock worth $506,000 after buying an additional 264 shares in the last quarter. New York Life Investment Management LLC lifted its stake in T-Mobile US by 10.6% in the third quarter. New York Life Investment Management LLC now owns 71,758 shares of the Wireless communications provider’s stock worth $11,702,000 after purchasing an additional 6,872 shares during the last quarter. 71 West Capital Partners boosted its position in T-Mobile US by 4.0% during the third quarter. 71 West Capital Partners now owns 3,857 shares of the Wireless communications provider’s stock valued at $629,000 after buying an additional 148 shares during the period. Retirement Systems of Alabama grew its stake in shares of T-Mobile US by 3.5% during the third quarter. Retirement Systems of Alabama now owns 101,226 shares of the Wireless communications provider’s stock valued at $16,508,000 after buying an additional 3,466 shares during the last quarter. Finally, Fulcrum Asset Management LLP increased its holdings in shares of T-Mobile US by 27.8% in the third quarter. Fulcrum Asset Management LLP now owns 25,528 shares of the Wireless communications provider’s stock worth $4,161,000 after buying an additional 5,547 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Moffett Nathanson lifted their price target on T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. JPMorgan Chase & Co. cut their price target on T-Mobile US from $260.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. The Goldman Sachs Group dropped their price objective on shares of T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. Barclays cut their price objective on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Finally, Benchmark lowered their target price on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $238.25.

Check Out Our Latest Research Report on T-Mobile US

About T-Mobile US

(Get Free Report)

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.

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Insider Buying and Selling by Quarter for T-Mobile US (NASDAQ:TMUS)

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