T-Mobile US, Inc. (TMUS) EVP Sells $276,271.00 in Stock
T-Mobile US, Inc. (NASDAQ:TMUS) EVP Elizabeth A. Mcauliffe sold 4,310 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $64.10, for a total value of $276,271.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Elizabeth A. Mcauliffe also recently made the following trade(s):
- On Saturday, December 29th, Elizabeth A. Mcauliffe sold 4,310 shares of T-Mobile US stock. The shares were sold at an average price of $64.10, for a total value of $276,271.00.
Shares of T-Mobile US, Inc. (NASDAQ TMUS) traded down $0.43 on Wednesday, reaching $63.61. The company’s stock had a trading volume of 2,610,751 shares, compared to its average volume of 2,401,400. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. T-Mobile US, Inc. has a one year low of $54.60 and a one year high of $68.88. The firm has a market capitalization of $53,280.00, a price-to-earnings ratio of 24.95, a P/E/G ratio of 1.04 and a beta of 0.29.
T-Mobile US announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in T-Mobile US by 2.6% in 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 during the period. BlackRock Inc. grew its holdings in T-Mobile US by 10.9% in 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 during the period. Paulson & CO. Inc. grew its holdings in T-Mobile US by 46.1% in 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 during the period. Carmignac Gestion grew its holdings in T-Mobile US by 32.1% in 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 during the period. Finally, State Street Corp grew its holdings in T-Mobile US by 5.4% in 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 during the period. 34.93% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on the company. Moffett Nathanson restated a “neutral” rating on shares of T-Mobile US in a research note on Thursday, October 12th. BidaskClub cut T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, September 30th. Royal Bank of Canada restated a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research note on Tuesday, October 3rd. KeyCorp restated a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research note on Tuesday. Finally, Morgan Stanley raised their price objective on T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Two equities research 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 assigned a strong buy rating to the company. T-Mobile US has an average rating of “Buy” and an average price target of $69.86.
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T-Mobile US Company Profile
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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