T-Mobile US, Inc. (NASDAQ:TMUS) Sees Significant Decline in Short Interest

T-Mobile US, Inc. (NASDAQ:TMUS) was the target of a significant 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. Currently, 3.1% of the company’s shares are short sold. Based on an average trading volume of 4,160,000 shares, the short-interest ratio is presently 3.6 days.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $205.18 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The company has a market cap of $240.44 billion, a PE ratio of 27.92, a PEG ratio of 1.07 and a beta of 0.51. T-Mobile US has a 12-month low of $135.82 and a 12-month high of $208.16. The business’s fifty day simple moving average is $194.35 and its 200-day simple moving average is $177.97.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same period last year, the business posted $1.86 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that T-Mobile US will post 9.13 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.72%. T-Mobile US’s dividend payout ratio (DPR) is 47.89%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research reports. Barclays raised their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. KeyCorp lifted their target price on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. increased their price target on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Benchmark lifted their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Eighteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average target price of $214.36.

Insider Buying and Selling at T-Mobile US

In related news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deeanne King sold 15,437 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares in the company, valued at approximately $6,761,720. The disclosure for this sale can be found here. Insiders have sold 303,492 shares of company stock worth $59,546,006 over the last quarter. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Several large investors have recently bought and sold shares of the stock. Compton Wealth Advisory Group LLC boosted its stake in T-Mobile US by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after buying an additional 56 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of T-Mobile US by 0.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock worth $1,468,000 after acquiring an additional 56 shares during the period. Anfield Capital Management LLC boosted its position in shares of T-Mobile US by 18.7% during the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after acquiring an additional 57 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of T-Mobile US by 22.6% in the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after purchasing an additional 58 shares during the period. Finally, Proficio Capital Partners LLC increased its position in T-Mobile US by 2.3% during the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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 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.