T-Mobile Us Inc (TMUS) EVP Sells $140,020.00 in Stock

T-Mobile Us Inc (NASDAQ:TMUS) EVP David R. Carey sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $70.01, for a total value of $140,020.00. Following the completion of the sale, the executive vice president now directly owns 202,851 shares of the company’s stock, valued at $14,201,598.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TMUS stock traded down $0.50 during midday trading on Thursday, reaching $69.84. The company had a trading volume of 137,600 shares, compared to its average volume of 4,493,413. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.20. T-Mobile Us Inc has a fifty-two week low of $55.09 and a fifty-two week high of $70.94. The company has a market cap of $58.34 billion, a P/E ratio of 30.62, a PEG ratio of 2.28 and a beta of 0.39.

T-Mobile Us (NASDAQ:TMUS) last issued its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The company had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.73 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. T-Mobile Us’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts expect that T-Mobile Us Inc will post 3.31 EPS for the current fiscal year.

Several brokerages recently weighed in on TMUS. Guggenheim began coverage on T-Mobile Us in a report on Thursday, November 1st. They issued a “buy” rating for the company. Moffett Nathanson reissued a “buy” rating on shares of T-Mobile Us in a report on Wednesday, October 31st. Nomura lifted their target price on T-Mobile Us from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. BidaskClub downgraded T-Mobile Us from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Wells Fargo & Co lifted their target price on T-Mobile Us from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. T-Mobile Us has an average rating of “Buy” and an average target price of $73.13.

Hedge funds and other institutional investors have recently modified their holdings of the company. Zions Bancorporation acquired a new position in shares of T-Mobile Us during the third quarter worth approximately $102,000. NEXT Financial Group Inc acquired a new position in shares of T-Mobile Us during the third quarter worth approximately $105,000. Stratos Wealth Partners LTD. acquired a new position in shares of T-Mobile Us during the third quarter worth approximately $111,000. Arrow Financial Corp acquired a new position in shares of T-Mobile Us during the third quarter worth approximately $175,000. Finally, SeaCrest Wealth Management LLC boosted its position in shares of T-Mobile Us by 92.3% during the second quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $168,000 after buying an additional 1,350 shares during the period. Institutional investors and hedge funds own 32.64% of the company’s stock.

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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 72.6 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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