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T-Mobile US, Inc. (NASDAQ:TMUS), a $300.9 billion telecommunications giant that has delivered an impressive 62.5% return over the past year, saw its President and CEO Michael Sievert recently sell a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Sievert sold a total of 45,000 shares of T-Mobile common stock over two days, resulting in a total transaction value of approximately $12 million.
The sales occurred on February 25 and February 26, with the shares sold at prices ranging from $263.98 to $269.67 per share, near the stock’s 52-week high of $273.40. Following these transactions, Sievert retains ownership of 348,813.375 shares of T-Mobile stock, which currently trades at a P/E ratio of 27.2.
These sales were executed under a Rule 10b5-1 trading plan, which Sievert adopted on November 14, 2024. Such plans allow company insiders to sell a predetermined number of shares at a predetermined time, providing a way to avoid potential accusations of insider trading. According to InvestingPro, T-Mobile maintains a GOOD financial health score, with $81.4 billion in revenue and $11.3 billion in net income over the last twelve months.
Investors and analysts often track insider transactions like these for potential insights into a company’s future performance or the executive’s confidence in the company’s stock. For deeper analysis, InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report on T-Mobile, offering expert analysis of the company’s valuation and growth prospects. However, it’s important to note that stock sales can occur for various reasons, including personal financial planning.
In other recent news, T-Mobile US Inc. reported impressive financial results for the fourth quarter of 2024, surpassing market expectations with an earnings per share of $2.57 against a forecast of $2.28, and revenue reaching $21.87 billion, exceeding the anticipated $21.37 billion. The company also announced a €2.75 billion senior notes offering through its subsidiary, T-Mobile USA, Inc., with the proceeds intended for general corporate purposes such as refinancing existing debt and potential dividends. Additionally, T-Mobile has launched the public beta of T-Mobile Starlink in partnership with Starlink, providing satellite-based text messaging services to eliminate mobile dead zones. The service is currently free during the beta phase and will be included at no extra cost in certain T-Mobile plans post-launch. In corporate developments, T-Mobile disclosed changes to its board of directors, with Kelvin Westbrook and Srini Gopalan stepping down, and the nomination of Thomas Dannenfeldt for election in 2025. Finally, analyst firms have noted T-Mobile’s strategic moves, though specific upgrades or downgrades were not mentioned in the recent reports. These developments reflect T-Mobile’s ongoing efforts to strengthen its market position and expand its service offerings.
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