T-Mobile US (NASDAQ:TMUS) Shares Gap Down – Here’s What Happened

T-Mobile US, Inc. (NASDAQ:TMUS)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $266.63, but opened at $258.80. T-Mobile US shares last traded at $256.46, with a volume of 665,984 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TMUS shares. Oppenheimer increased their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Barclays lifted their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Benchmark reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $254.10.

T-Mobile US Price Performance

The company has a market capitalization of $294.94 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a 50 day simple moving average of $240.72 and a 200 day simple moving average of $227.13.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Old North State Trust LLC increased its holdings in T-Mobile US by 9.2% during the 4th quarter. Old North State Trust LLC now owns 3,972 shares of the Wireless communications provider’s stock worth $877,000 after purchasing an additional 335 shares during the last quarter. Dogwood Wealth Management LLC raised its holdings in T-Mobile US by 8.4% in the fourth quarter. Dogwood Wealth Management LLC now owns 2,760 shares of the Wireless communications provider’s stock valued at $609,000 after acquiring an additional 215 shares in the last quarter. Siemens Fonds Invest GmbH boosted its stake in T-Mobile US by 28.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 42,156 shares of the Wireless communications provider’s stock valued at $9,305,000 after acquiring an additional 9,411 shares during the last quarter. Park Square Financial Group LLC acquired a new position in T-Mobile US during the 4th quarter worth $186,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of T-Mobile US in the 4th quarter worth about $486,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

About T-Mobile US

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.