ProShare Advisors LLC is selling 84,922 shares of T-Mobile US, Inc. stock. (NASDAQ:TMUS)
A number of other large investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. Increased its holdings in T-Mobile US shares by 21.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. 1,011,991 shares of the wireless communications provider’s stock are now worth $129,888,000 after purchasing an additional 180,468 shares during the last quarter. Sei Investments increased its holdings in shares of T-Mobile US by 50.6% in the first quarter. Sei Investments Co., Ltd. owns 230,598 shares of the wireless communications provider’s stock are now worth $29,603,000 after acquiring an additional 77,518 shares in the last quarter. Prudential PLC purchased a new position in shares of T-Mobile US during the first quarter worth approximately $1,649,000. Cetera Investment Advisers increased its holdings in shares of T-Mobile US by 12.2% during the first quarter. Cetera Investment Advisers now owns 23,619 shares of the wireless communications provider’s stock valued at $3,031,000 after purchasing an additional 2,574 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of T-Mobile US by 105.7% during the first quarter. Sequoia Financial Advisors LLC now owns 3,796 shares of the wireless communications provider’s stock worth $487,000 after purchasing an additional 1,951 shares in the last quarter. 42.49% of the shares are currently owned by institutional investors.
Analyst promotions and downgrades
TMUS has been the subject of a number of analyst reports. Raymond James raised their target price on T-Mobile US from $173.00 to $180.00 and gave the company a “strong buy” rating in a research note on Thursday, October 26th. Goldman Sachs Group raised their price target on T-Mobile US from $191.00 to $194.00 in a research report on Monday, October 16th. StockNews.com began coverage on T-Mobile US in a report on Thursday, October 5. They have placed a “hold” rating on the company. Royal Bank of Canada raised their target price on T-Mobile US from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on T-Mobile US from $185.00 to $180.00 and set a “buy” rating for the company in a report on Friday, September 22nd. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $181.06.
View our latest research report on T-Mobile US
T-Mobile US trading fell 0.5%
Shares of TMUS stock opened at $147.00 on Monday. The company has a market cap of $170.00 billion, a P/E ratio of 22.94 and a beta of 0.53. At T-Mobile US, Inc. The twelve month low is $124.92 and the twelve month high is $153.36. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $142.20 and its 200 day simple moving average is $138.93.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings data on Wednesday, October 25th. The wireless communications provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. The company had revenue of $19.25 billion for the quarter, compared to analyst estimates of $19.35 billion. T-Mobile US had a return on equity of 11.65% and a net margin of 9.93%. As a group, sell-side analysts expect T-Mobile US, Inc. It will post 7.13 earnings per share for the current fiscal year.
T-Mobile US announces dividend
The company also recently disclosed a dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1, will receive a dividend of $0.65 per share. The ex-dividend date is Thursday, November 30th.
Insider buying and selling
In other T-Mobile US news, Director Srikant M. Datar sold 500 shares of T-Mobile US stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $147.50, for a total transaction of $73,750.00. Following the transaction, the director now directly owns 4,564 shares of the company’s stock, valued at approximately $673,190. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link. In other news, Director Srikant M. Datar acquired 500 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $147.50, for a total value of $73,750.00. Following the transaction, the director now directly owns 4,564 shares of the company’s stock, valued at approximately $673,190. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Also, insider Michael J. Katz sold 3,500 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $140.01, for a total value of $490,035.00. Following the completion of the transaction, the insider now directly owns 122,477 shares in the company, valued at $17,148,004.77. The disclosure for this sale can be found here. Insiders sold 67,953 shares of company stock worth $9,886,781 in the last 90 days. Insiders own 0.70% of the company’s shares.
About T-Mobile US
T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company provides voice, messaging and data services to customers in postpaid, prepaid, wholesale and other services. It also offers wireless devices, including smartphones, wearable devices, tablets, home broadband routers and other mobile communications devices, as well as wireless devices and accessories; Financing through equipment installment plans; Rent through JUMP! on demand; And high-speed internet services.
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