T-Mobile US (NASDAQ:TMUS) Price Target Raised to $250.00

T-Mobile US (NASDAQ:TMUS) had its price objective upped by Benchmark from $220.00 to $250.00 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the Wireless communications provider’s stock.

TMUS has been the topic of several other reports. Oppenheimer raised their price objective on T-Mobile US from $200.00 to $215.00 and gave the company an outperform rating in a research note on Thursday, September 19th. Wells Fargo & Company raised their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the company an overweight rating in a research note on Thursday, September 12th. KeyCorp upped their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an overweight rating in a research report on Monday, September 16th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Monday, July 1st. They issued a buy rating and a $200.00 target price on the stock. Finally, Sanford C. Bernstein upgraded shares of T-Mobile US to a strong-buy rating in a report on Wednesday, July 31st. Eighteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $211.92.

T-Mobile US Price Performance

TMUS stock opened at $202.46 on Friday. The company’s 50-day moving average price is $192.71 and its two-hundred day moving average price is $176.86. The firm has a market cap of $237.25 billion, a P/E ratio of 27.55, a P/E/G ratio of 0.74 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US has a 12 month low of $135.82 and a 12 month high of $206.30.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 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 the consensus estimate of $19.61 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that T-Mobile US will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared 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 yield of 1.74%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the completion of the sale, the director now directly owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Raul Marcelo Claure sold 9,586 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the transaction, the director now directly owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the completion of the sale, the director now directly owns 670,545,206 shares of the company’s stock, valued at $117,922,079,927.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 573,414 shares of company stock worth $107,147,801. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares in the last quarter. Putnam Investments LLC grew its position in T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares during the period. Vanguard Group Inc. increased its stake in T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares in the last quarter. Clearbridge Investments LLC raised its holdings in T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after buying an additional 578,348 shares during the last quarter. Finally, Capital International Investors lifted its stake in shares of T-Mobile US by 27.1% in the fourth quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after buying an additional 567,390 shares in the last quarter. Institutional investors 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.