Insider Selling: T-Mobile US, Inc. (NASDAQ:TMUS) CFO Sells 15,970 Shares of Stock

T-Mobile US, Inc. (NASDAQ:TMUS) CFO Peter Osvaldik sold 15,970 shares of the firm’s stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $145.59, for a total transaction of $2,325,072.30. Following the completion of the sale, the chief financial officer now owns 50,011 shares in the company, valued at $7,281,101.49. The sale was disclosed in a document filed with the SEC, which is available at this link.

NASDAQ:TMUS opened at $146.51 on Friday. T-Mobile US, Inc. has a twelve month low of $100.11 and a twelve month high of $148.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.85 and a current ratio of 0.96. The firm’s 50-day simple moving average is $135.86. The company has a market cap of $182.68 billion, a price-to-earnings ratio of 60.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Tuesday, May 4th. The Wireless communications provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.19. T-Mobile US had a net margin of 3.95% and a return on equity of 7.19%. The company had revenue of $19.76 billion during the quarter, compared to analyst estimates of $18.99 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 77.8% on a year-over-year basis. As a group, equities analysts forecast that T-Mobile US, Inc. will post 2.32 earnings per share for the current year.

A number of equities research analysts have recently weighed in on TMUS shares. Wells Fargo & Company raised their price objective on shares of T-Mobile US from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T-Mobile US from $155.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Raymond James boosted their price objective on shares of T-Mobile US from $145.00 to $146.00 and gave the company an “outperform” rating in a research report on Wednesday, May 5th. Credit Suisse Group set a $165.00 price target on shares of T-Mobile US and gave the stock a “buy” rating in a research report on Wednesday, May 5th. Finally, Oppenheimer boosted their price objective on shares of T-Mobile US from $160.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, March 12th. Three equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $153.87.

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. First Trust Advisors LP boosted its holdings in shares of T-Mobile US by 19.8% in the fourth quarter. First Trust Advisors LP now owns 232,830 shares of the Wireless communications provider’s stock worth $31,397,000 after buying an additional 38,428 shares during the period. Savant Capital LLC boosted its holdings in shares of T-Mobile US by 18.6% in the fourth quarter. Savant Capital LLC now owns 2,309 shares of the Wireless communications provider’s stock worth $311,000 after buying an additional 362 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in shares of T-Mobile US in the fourth quarter worth about $996,000. Prime Capital Investment Advisors LLC boosted its holdings in shares of T-Mobile US by 16.6% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 702 shares of the Wireless communications provider’s stock worth $95,000 after buying an additional 100 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of T-Mobile US by 8.0% in the fourth quarter. CIBC Asset Management Inc now owns 222,661 shares of the Wireless communications provider’s stock worth $30,026,000 after purchasing an additional 16,435 shares in the last quarter. Institutional investors own 38.91% of the company’s stock.

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 102.1 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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