T-Mobile US, Inc. (TMUS) EVP Peter A. Ewens Sells 10,000 Shares

T-Mobile US, Inc. (NASDAQ:TMUS) EVP Peter A. Ewens sold 10,000 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the completion of the sale, the executive vice president now directly owns 146,434 shares in the company, valued at $9,525,531.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

T-Mobile US, Inc. (NASDAQ TMUS) opened at $63.68 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The stock has a market cap of $53,110.00, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.29. T-Mobile US, Inc. has a twelve month low of $54.60 and a twelve month high of $68.88.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The business had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. equities research analysts predict that T-Mobile US, Inc. will post 2.41 EPS for the current year.

T-Mobile US declared that its board has initiated a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Several analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, October 3rd. KeyCorp reaffirmed an “overweight” rating and issued a $72.00 price objective on shares of T-Mobile US in a report on Saturday, September 16th. Cowen reaffirmed a “buy” rating and issued a $70.00 price objective on shares of T-Mobile US in a report on Tuesday, October 17th. Finally, HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $69.86.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in T-Mobile US by 2.6% during the second quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock valued at $939,664,000 after purchasing an additional 389,328 shares in the last quarter. BlackRock Inc. lifted its holdings in T-Mobile US by 10.9% during the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after purchasing an additional 1,502,636 shares in the last quarter. Paulson & CO. Inc. lifted its holdings in T-Mobile US by 46.1% during the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after purchasing an additional 1,910,600 shares in the last quarter. Carmignac Gestion lifted its holdings in T-Mobile US by 32.1% during the third quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock valued at $360,353,000 after purchasing an additional 1,419,024 shares in the last quarter. Finally, State Street Corp lifted its holdings in T-Mobile US by 5.4% during the second quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock valued at $339,409,000 after purchasing an additional 289,120 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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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 offers voice, messaging, and data services to approximately 71 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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