Citigroup Increases T-Mobile US (NASDAQ:TMUS) Price Target to $254.00

T-Mobile US (NASDAQ:TMUS) had its price target hoisted by Citigroup from $210.00 to $254.00 in a report released on Monday, Benzinga reports. The brokerage currently has a buy rating on the Wireless communications provider’s stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Barclays upped their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Oppenheimer increased their price objective on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Benchmark lifted their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Scotiabank cut shares of T-Mobile US from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $215.50 to $236.00 in a report on Friday, October 18th. One investment analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $238.89.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $233.56 on Monday. The firm has a market capitalization of $273.70 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. 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’s fifty day moving average price is $204.75 and its two-hundred day moving average price is $184.44. T-Mobile US has a 1 year low of $137.69 and a 1 year high of $234.40.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the prior year, the firm earned $1.82 EPS. T-Mobile US’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts anticipate that T-Mobile US will post 9.14 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. 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. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. T-Mobile US’s dividend payout ratio (DPR) is presently 47.89%.

Insider Transactions at T-Mobile US

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’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 directly 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 filing with the SEC, which is available through this link. In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 349,261 shares of company stock valued at $69,411,130. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds have recently modified their holdings of TMUS. &PARTNERS bought a new stake in shares of T-Mobile US during the first quarter worth about $296,000. Global Assets Advisory LLC bought a new stake in T-Mobile US during the 1st quarter worth approximately $4,992,000. Strategic Planning Group LLC increased its position in T-Mobile US by 12.7% in the 1st quarter. Strategic Planning Group LLC now owns 3,756 shares of the Wireless communications provider’s stock valued at $613,000 after acquiring an additional 422 shares during the period. Sound Income Strategies LLC raised its stake in shares of T-Mobile US by 539.0% during the first quarter. Sound Income Strategies LLC now owns 1,016 shares of the Wireless communications provider’s stock valued at $166,000 after acquiring an additional 857 shares during the last quarter. Finally, Atlas Capital Advisors LLC lifted its holdings in shares of T-Mobile US by 5.1% during the first quarter. Atlas Capital Advisors LLC now owns 9,411 shares of the Wireless communications provider’s stock worth $1,536,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Company Profile

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.