T-Mobile US (NASDAQ:TMUS) Shares Gap Up to $188.76

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) gapped up prior to trading on Monday . The stock had previously closed at $188.76, but opened at $193.17. T-Mobile US shares last traded at $187.36, with a volume of 255,038 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI upgraded T-Mobile US to a “hold” rating in a research note on Thursday, August 1st. TD Cowen upped their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada increased their price target on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Scotiabank increased their price target on T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Buy” and an average target price of $196.75.

T-Mobile US Stock Performance

The business has a 50 day simple moving average of $178.68 and a 200 day simple moving average of $168.40. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $221.92 billion, a PE ratio of 25.83, a PEG ratio of 0.76 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same period last year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 9.05 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Insider Transactions at T-Mobile US

In other news, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $163.20, for a total value of $3,264,000.00. Following the sale, the chief executive officer now directly owns 458,124 shares of the company’s stock, valued at $74,765,836.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The disclosure for this sale can be found here. Insiders sold a total of 3,640,448 shares of company stock worth $623,942,587 over the last three months. 0.67% of the stock is currently owned by insiders.

Institutional Trading of T-Mobile US

A number of institutional investors have recently made changes to their positions in the company. Compton Wealth Advisory Group LLC boosted its stake in shares of T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after acquiring an additional 56 shares during the last quarter. Anfield Capital Management LLC boosted its stake in shares of T-Mobile US by 18.7% in the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock worth $64,000 after acquiring an additional 57 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of T-Mobile US by 22.6% in the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 58 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of T-Mobile US by 1.9% in the fourth quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock worth $538,000 after acquiring an additional 62 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of T-Mobile US by 2.3% in the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 64 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

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.