Daniel James Drobac Sells 772 Shares of T-Mobile US (NASDAQ:TMUS) Stock

by · The Markets Daily

T-Mobile US, Inc. (NASDAQ:TMUS – Get Free Report) CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

T-Mobile US Stock Performance

T-Mobile US stock traded up $0.57 during midday trading on Monday, reaching $182.90. 2,836,526 shares of the stock traded hands, compared to its average volume of 3,845,992. The firm has a fifty day moving average price of $181.94 and a two-hundred day moving average price of $190.74. The firm has a market cap of $196.19 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.17 and a beta of 0.34. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $244.24.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period in the prior year, the company posted $2.84 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. California State Teachers Retirement System lifted its position in shares of T-Mobile US by 16,067.4% during the 2nd quarter. California State Teachers Retirement System now owns 126,953,998 shares of the Wireless communications provider’s stock worth $21,293,994,000 after buying an additional 126,168,750 shares during the period. BlackRock Inc. acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $6,625,275,000. State Street Corp grew its position in T-Mobile US by 4.3% during the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after acquiring an additional 1,047,624 shares during the last quarter. Capital International Investors grew its position in T-Mobile US by 8.2% during the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after acquiring an additional 1,121,409 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in T-Mobile US by 10.5% during the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after purchasing an additional 827,381 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Scotiabank lowered their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, July 15th. UBS Group cut their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Monday, July 6th. Royal Bank Of Canada lowered their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $252.08.

Check Out Our Latest Research Report on TMUS

T-Mobile US Company Profile

(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. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

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