T-Mobile US (NASDAQ:TMUS) Price Target Raised to $290.00

T-Mobile US (NASDAQ:TMUS) had its target price raised by Tigress Financial from $280.00 to $290.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the Wireless communications provider’s stock.

Other analysts have also issued research reports about the company. Oppenheimer increased their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Sanford C. Bernstein started coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. Benchmark restated a “buy” rating and issued a $255.00 price objective on shares of T-Mobile US in a research report on Tuesday, January 28th. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada boosted their price target on T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Price Performance

TMUS stock opened at $247.17 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market cap of $282.21 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.38 and a beta of 0.56. The firm’s fifty day moving average is $225.95 and its 200 day moving average is $214.72. T-Mobile US has a 52 week low of $158.84 and a 52 week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Research analysts predict that T-Mobile US will post 10.18 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.42%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insider Buying and Selling at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,100 shares of company stock valued at $5,501,978. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Institutional investors and hedge funds have recently bought and sold shares of the company. JSF Financial LLC grew its holdings in shares of T-Mobile US by 0.9% during the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $1,117,000 after buying an additional 44 shares during the last quarter. KPP Advisory Services LLC lifted its position in T-Mobile US by 2.6% in the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after acquiring an additional 45 shares in the last quarter. DT Investment Partners LLC boosted its stake 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 valued at $25,000 after purchasing an additional 47 shares during the last quarter. D Orazio & Associates Inc. increased its holdings in shares of T-Mobile US by 3.7% in the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock worth $290,000 after purchasing an additional 47 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC raised its stake in shares of T-Mobile US by 4.3% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock worth $252,000 after purchasing an additional 47 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

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.