T-Mobile US (NASDAQ:TMUS) Shares Gap Down – Should You Sell?

T-Mobile US, Inc. (NASDAQ:TMUS) shares gapped down before the market opened on Monday . The stock had previously closed at $219.11, but opened at $213.45. T-Mobile US shares last traded at $211.28, with a volume of 523,839 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TMUS. TD Cowen raised their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective for the company. Daiwa America raised T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada lowered T-Mobile US from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $255.00 to $240.00 in a research note on Monday. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $245.74.

T-Mobile US Trading Down 4.0 %

The stock has a market cap of $244.17 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.18 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average of $231.53 and a 200-day moving average of $208.11.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 earnings per share. As a group, research analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.67%. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,969 shares of company stock worth $46,656,527 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors have recently made changes to their positions in TMUS. FMR LLC increased its stake in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares during the period. Barclays PLC raised its position in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the last quarter. Wellington Management Group LLP raised its position in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after buying an additional 602,786 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after buying an additional 590,711 shares during the period. Finally, Nordea Investment Management AB grew its position in T-Mobile US by 36.9% during the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after buying an additional 397,345 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

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.