T-Mobile US (NASDAQ:TMUS) PT Raised to $230.00

T-Mobile US (NASDAQ:TMUS) had its price objective increased by JPMorgan Chase & Co. from $220.00 to $230.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the Wireless communications provider’s stock.

Other analysts have also issued research reports about the company. Evercore ISI raised T-Mobile US to a hold rating in a research note on Thursday, August 1st. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a buy rating and a $200.00 price target on the stock. KeyCorp increased their target price on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an overweight rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the company a buy rating in a report on Thursday, July 18th. Finally, Sanford C. Bernstein upgraded T-Mobile US to a strong-buy rating in a report on Wednesday, July 31st. Eighteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of $211.92.

T-Mobile US Trading Down 0.1 %

Shares of TMUS opened at $199.44 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US has a fifty-two week low of $135.82 and a fifty-two week high of $206.30. The firm has a 50 day moving average price of $192.29 and a 200-day moving average price of $176.60. The firm has a market cap of $233.71 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile US will post 9.18 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced 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 represents a $3.52 annualized dividend and a dividend yield of 1.76%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $176.82, for a total value of $23,598,574.02. Following the sale, the director now directly owns 670,278,284 shares of the company’s stock, valued at $118,518,606,176.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $176.82, for a total value of $23,598,574.02. Following the completion of the transaction, the director now owns 670,278,284 shares of the company’s stock, valued at approximately $118,518,606,176.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. The disclosure for this sale can be found here. Insiders have sold 573,414 shares of company stock worth $107,147,801 in the last 90 days. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. Aveo Capital Partners LLC lifted its holdings in shares of T-Mobile US by 6.5% during the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after purchasing an additional 137 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new position in T-Mobile US in the 4th quarter worth about $207,000. D.A. Davidson & CO. lifted its stake in T-Mobile US by 15.4% during the 4th quarter. D.A. Davidson & CO. now owns 32,962 shares of the Wireless communications provider’s stock valued at $5,285,000 after acquiring an additional 4,407 shares during the period. Corient Private Wealth LLC grew its stake in shares of T-Mobile US by 2.9% in the fourth quarter. Corient Private Wealth LLC now owns 146,304 shares of the Wireless communications provider’s stock worth $23,457,000 after acquiring an additional 4,184 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of T-Mobile US by 32.0% during the fourth quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after purchasing an additional 7,000 shares during the last quarter. 42.49% of the stock is 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.