Executives from Deutsche Telekom AG (ETR:DTEGn), the parent company of T-Mobile US, Inc. (NASDAQ:TMUS), have sold a significant amount of shares in the telecommunications giant. The transactions, which occurred over several days, resulted in the sale of T-Mobile US shares totaling over $92 million.
The sales took place through a series of transactions with prices ranging from $162.5735 to $164.6359 per share. This range represents the weighted average prices of shares sold, with the actual transactions occurring at various prices within these bounds. The sales were executed according to a pre-established trading plan, known as a 10b5-1 plan, which was adopted on September 13, 2023.
On March 12, 2024, executives sold 169,670 shares at an average price of $163.8188 per share and another 20,000 shares at an average price of $164.4923 per share. The following day, on March 13, another set of transactions saw the sale of 185,570 shares at an average price of $163.7935 and 4,100 shares at an average price of $164.6359. The selling continued on March 14 with the disposal of 174,114 shares at an average price of $162.5735 and 15,556 shares at an average price of $163.0715.
These sales were reported in a recent filing with the Securities and Exchange Commission. The executives who sold shares are associated with various entities within the Deutsche Telekom (OTC:DTEGY) corporate structure, including T-Mobile Global Holding GmbH and Deutsche Telekom Holding B.V. Each of these entities is a wholly-owned subsidiary of Deutsche Telekom AG.
The filing also clarified the ownership and relationship of the reporting owners, noting that they may be deemed directors by deputization due to their positions within the company and its subsidiaries. However, the reporting owners disclaimed beneficial ownership of the reported securities except to the extent of their pecuniary interest.
The reported transactions provide transparency into the trading activities of T-Mobile US's major stakeholders and are a routine disclosure for publicly traded companies. Investors often monitor such filings for insights into executive sentiment and potential shifts in company ownership.
InvestingPro Insights
In light of the recent share sales by executives of T-Mobile US, Inc. (NASDAQ:TMUS), investors may find the following InvestingPro data and tips useful for evaluating the company's current market standing. As of the last twelve months ending Q4 2023, T-Mobile US holds a market capitalization of $193.29 billion, with a Price to Earnings (P/E) ratio of 20.51, reflecting investor expectations of future earnings potential.
Despite some analysts revising their earnings downwards for the upcoming period, T-Mobile US has been recognized as a prominent player in the Wireless Telecommunication Services industry. The company has been profitable over the last twelve months, which supports the analysts' predictions that it will remain profitable this year. Additionally, the stock generally trades with low price volatility, providing a potentially stable investment option.
For those considering an investment in T-Mobile US, the company's shares are trading near their 52-week high, at 96.57% of the peak value. This could indicate investor confidence in the company's performance and market position. T-Mobile's return on assets stands at 3.97%, showcasing its ability to generate profits from its asset base.
Investors seeking further insights can explore additional InvestingPro Tips, which include analysis on share buybacks, long-term profitability, and the company's performance over the last decade. With 9 more tips available on InvestingPro, users can gain a comprehensive understanding of T-Mobile US's financial health and market prospects. To access these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at https://www.investing.com/pro/TMUS.
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