2 weeks Ago By ABMN Staff
T-Mobile US, Inc. ( NASDAQ:TMUS – Get Free Report ) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 14,860,000 shares, a decline of 14.
7% from the August 31st total of 17,430,000 shares. Based on an average daily trading volume, of 4,160,000 shares, the short-interest ratio is presently 3.6 days.
Approximately 3.1% of the company’s stock are sold short. Wall Street Analyst Weigh In Several research firms have issued reports on TMUS.
StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co.
upped their target price on shares of T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 19th.
Wells Fargo & Company lifted their price target on T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th.
Benchmark upped their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 20th.
Finally, Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Eighteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company.
According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $214.36.
Check Out Our Latest Stock Analysis on T-Mobile US T-Mobile US Price Performance T-Mobile US ( NASDAQ:TMUS – Get Free Report ) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.
27 by $0.22. The company had revenue of $19.
77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.
95% and a return on equity of 14.88%. The firm’s quarterly revenue was up 3.
0% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 earnings per share.
As a group, sell-side analysts predict that T-Mobile US will post 9.13 earnings per share for the current year. T-Mobile US Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th.
Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.
52 dividend on an annualized basis and a dividend yield of 1.72%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.
65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 47.
89%. Insider Buying and Selling at T-Mobile US In other news, EVP Deeanne King sold 15,437 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.
00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720.
The transaction was disclosed in a document filed with the SEC, which is available at this link . In related news, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.
00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st.
The shares were sold at an average price of $177.59, for a total value of $532,770.00.
Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here .
In the last three months, insiders have sold 306,492 shares of company stock worth $60,078,776. Insiders own 0.67% of the company’s stock.
Institutional Trading of T-Mobile US Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in T-Mobile US by 200.0% during the fourth quarter.
Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after buying an additional 4,241,877 shares in the last quarter. Putnam Investments LLC increased its stake in T-Mobile US by 74.6% in the fourth quarter.
Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after acquiring an additional 1,682,743 shares during the last quarter. Vanguard Group Inc. raised its position in T-Mobile US by 3.
8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares in the last quarter.
Clearbridge Investments LLC lifted its stake in T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares during the last quarter.
Finally, Capital International Investors boosted its holdings in shares of T-Mobile US by 27.1% in the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after purchasing an additional 567,390 shares in the last quarter.
42.49% of the stock is owned by institutional investors and hedge funds. T-Mobile US Company Profile ( Get Free Report ) 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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services. Further Reading Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.
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