T-Mobile US, Inc. (NASDAQ:TMUS) Short Interest Update

T-Mobile US, Inc. (NASDAQ:TMUS) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 14,860,000 shares, a decline of 14.7% from the August 31st total of 17,430,000 shares. Based on an average daily volume of 4,160,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TMUS shares. Morgan Stanley boosted their price target on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Barclays upped their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Benchmark lifted their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 20th. Eighteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $214.36.

T-Mobile US Price Performance

TMUS stock opened at $205.18 on Monday. The business has a 50 day moving average price of $194.35 and a 200 day moving average price of $177.97. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The stock has a market cap of $240.44 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.07 and a beta of 0.51. T-Mobile US has a fifty-two week low of $135.82 and a fifty-two week high of $208.16.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. Equities research analysts anticipate that T-Mobile US will post 9.13 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.72%. T-Mobile US’s dividend payout ratio (DPR) is presently 47.89%.

Insider Activity

In related news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jon Freier sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720. The disclosure for this sale can be found here. Insiders have sold a total of 303,492 shares of company stock valued at $59,546,006 in the last quarter. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. WASHINGTON TRUST Co lifted its stake in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. Summit Securities Group LLC purchased a new stake in T-Mobile US in the 2nd quarter valued at $27,000. Y.D. More Investments Ltd acquired a new stake in T-Mobile US during the 2nd quarter worth $27,000. Westside Investment Management Inc. grew its position in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US in the second quarter valued at $30,000. 42.49% of the stock is owned by hedge funds and other 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.