T-Mobile US (NASDAQ:TMUS) Price Target Raised to $240.00 at Wells Fargo & Company

T-Mobile US (NASDAQ:TMUS) had its target price increased by Wells Fargo & Company from $230.00 to $240.00 in a report released on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the Wireless communications provider’s stock.

Several other research firms also recently issued reports on TMUS. KeyCorp lifted their price target on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. The Goldman Sachs Group upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Raymond James cut shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $208.00 to $221.00 in a research note on Wednesday, October 2nd. Barclays upped their target price on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $238.89.

T-Mobile US Trading Up 5.7 %

Shares of TMUS opened at $233.56 on Thursday. The firm’s 50-day moving average is $204.75 and its two-hundred day moving average is $184.44. T-Mobile US has a twelve month low of $137.69 and a twelve month high of $234.40. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $272.51 billion, a P/E ratio of 29.27, a PEG ratio of 1.15 and a beta of 0.51.

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 for the quarter, beating the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS. On average, research analysts predict that T-Mobile US will post 9.22 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 32.58%.

Insider Activity at T-Mobile US

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares of the company’s stock, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the sale, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

A number of institutional investors have recently modified their holdings of TMUS. Integrated Advisors Network LLC raised its holdings in T-Mobile US by 2.8% in the third quarter. Integrated Advisors Network LLC now owns 4,154 shares of the Wireless communications provider’s stock valued at $857,000 after buying an additional 115 shares during the period. Gateway Wealth Partners LLC acquired a new stake in shares of T-Mobile US in the third quarter worth $226,000. China Universal Asset Management Co. Ltd. raised its stake in shares of T-Mobile US by 110.0% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 14,799 shares of the Wireless communications provider’s stock valued at $3,054,000 after acquiring an additional 7,753 shares during the period. Traynor Capital Management Inc. lifted its holdings in shares of T-Mobile US by 1.8% during the 3rd quarter. Traynor Capital Management Inc. now owns 4,416 shares of the Wireless communications provider’s stock valued at $911,000 after acquiring an additional 79 shares in the last quarter. Finally, Worth Financial Advisory Group LLC purchased a new stake in T-Mobile US during the 3rd quarter worth $232,000. Hedge funds and other institutional investors 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.