Peter Osvaldik Sells 20,000 Shares of T-Mobile US, Inc. (NASDAQ: TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) recently saw its Chief Financial Officer, Peter Osvaldik, sell 20,000 shares of the company's stock on Friday, October 25th. The shares were sold at an average price of $233.55, resulting in a total transaction value of $4,671,000.00. After this sale, Osvaldik now holds 61,307 shares in T-Mobile, which is approximately valued at $14,318,249.85. This transaction reflects a 0.00% decrease in his ownership position. Details of the sale were disclosed in a filing with the Securities & Exchange Commission, which can be reviewed on their website.

T-Mobile US Stock Performance

During mid-day trading on Tuesday, T-Mobile shares dropped $1.76, bringing the price down to $226.05. The trading volume on that day reached 3,149,773 shares, while the average volume is around 4,496,760 shares. Currently, T-Mobile has a current ratio of 0.84, a quick ratio of 0.78, and a debt-to-equity ratio of 1.22. The market capitalization stands at $264.90 billion, with a P/E ratio of 31.04 and a PEG ratio of 1.15. Over the past year, T-Mobile US stock hit a low of $139.47 and a high of $234.56. The company also maintains a 50-day simple moving average of $206.73 and a 200-day simple moving average of $186.05.

T-Mobile US Earnings Report

The last quarterly earnings report was released on Wednesday, October 23rd. T-Mobile US reported earnings per share (EPS) of $2.61 for the quarter, exceeding the analysts' expectations of $2.32 by $0.29. The revenue for the quarter was reported at $20.16 billion, slightly surpassing forecasts of $20.01 billion. The net margin for the firm was 11.95%, and its return on equity was 14.88%. This quarterly revenue reflects an increase of 4.7% compared to the same quarter the previous year. The earnings per share for the prior period was $1.82. Analysts expect T-Mobile US to achieve a total EPS of 9.22 for the current fiscal year.

T-Mobile US Increases Dividend

In addition, T-Mobile US has announced an increase in its quarterly dividend, which is set to be distributed on December 12th. Shareholders who are recorded as of November 27th will receive a dividend of $0.88, an increase from the previous amount of $0.65. This elevates the annualized dividend to $3.52, reflecting a yield of 1.56%. The ex-dividend date is established for November 27th. Currently, T-Mobile's dividend payout ratio is at 47.89%.

Institutional Investors and T-Mobile US

Several institutional investors have recently adjusted their positions in T-Mobile US stock. For instance, Vanguard Group Inc. increased its stake by 3.8% in the first quarter, resulting in ownership of 45,042,339 shares valued at approximately $7.35 billion after acquiring an additional 1,667,778 shares. Clearbridge Investments LLC expanded its holdings by 18.8%, now owning 3,652,486 shares worth about $596 million after adding 578,348 shares. Legal & General Group Plc has also upped its stake by 6.8%, acquiring an additional 303,582 shares, bringing its total to 4,751,007 shares valued at around $837 million. Other firms, including Blackstone Inc. and ProShare Advisors LLC, have also increased their investments. Approximately 42.49% of T-Mobile US stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Ratings

Recent reports from various equities research analysts have provided updated ratings on T-Mobile US. BNP Paribas has upgraded T-Mobile to a "strong-buy" rating. Barclays raised its price target from $215.00 to $230.00 and gave a rating of "overweight" on October 24th. Tigress Financial increased their target from $205.00 to $235.00. In a similar fashion, Goldman Sachs upgraded their target from $220.00 to $250.00 while assigning a "buy" rating. Benchmark has also raised its objective to $255.00. Overall, there are two hold ratings, seventeen buy ratings, and two strong buy ratings among analysts, resulting in an average "Buy" rating with a consensus price target of $241.83.

T-Mobile US Company Overview

T-Mobile US, Inc., alongside its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers a range of services including voice, messaging, and data across both postpaid and prepaid sectors. It also sells wireless devices such as smartphones, tablets, and home broadband routers, and offers financing plans and insurance for devices.

T-Mobile, Osvaldik, Stock