Rep. Jared Moskowitz Purchases Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Representative Jared Moskowitz (D-Florida) recently bought shares of T-Mobile US, Inc. NASDAQ: TMUS. In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in T-Mobile US stock on November 8th. The trade occurred in the Representative's "MORGAN STANLEY ACTIVE ASSETS (5)" account.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Elevance Health NYSE: ELV on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 11/8/2024.
• Sold $50,001 - $100,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.
• Sold $15,001 - $50,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.

T-Mobile US Stock Down 6.1 %

Shares of TMUS traded down $14.92 during midday trading on Tuesday, reaching $228.86. The stock had a trading volume of 6,267,381 shares, compared to its average volume of 4,360,416. The company's fifty day simple moving average is $228.52 and its two-hundred day simple moving average is $201.51. T-Mobile US, Inc. has a 1-year low of $153.84 and a 1-year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market cap of $265.59 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.24 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the business posted $1.82 earnings per share. T-Mobile US's revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.54%. T-Mobile US's payout ratio is currently 40.14%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the company's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. This represents a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on 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 approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 341,178 shares of company stock valued at $73,048,712 in the last three months. Corporate insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently bought and sold shares of the business. KPP Advisory Services LLC lifted its holdings in shares of T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider's stock worth $360,000 after acquiring an additional 45 shares during the period. DT Investment Partners LLC lifted its holdings in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 47 shares during the last quarter. Old North State Trust LLC increased its position in T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider's stock worth $751,000 after buying an additional 50 shares during the period. Davis Investment Partners LLC raised its position in shares of T-Mobile US by 0.6% during the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider's stock worth $1,711,000 after buying an additional 51 shares in the last quarter. Finally, Barden Capital Management Inc. lifted its stake in T-Mobile US by 0.8% in the 3rd quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider's stock worth $1,408,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TMUS shares. BNP Paribas raised T-Mobile US to a "strong-buy" rating in a research note on Friday, October 25th. Bank of America boosted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research report on Friday, October 25th. Finally, Evercore ISI upped their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average target price of $245.42.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida's 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state's Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor's degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz's career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

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.