Brokerages Set T-Mobile US, Inc. (NASDAQ:TMUS) PT at $241.83

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have been given an average recommendation of “Moderate Buy” by the twenty-one ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $244.33.

Several equities research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Scotiabank increased their price objective on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Finally, TD Cowen lifted their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

Insider Buying and Selling at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The shares were 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 in the company, valued at approximately $13,380,222.46. The trade was a 40.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 342,750 shares of company stock valued at $73,356,824 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors have recently modified their holdings of the company. WASHINGTON TRUST Co lifted its stake in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. DT Investment Partners LLC lifted its position in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of T-Mobile US during the 2nd quarter valued at $27,000. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US in the second quarter worth about $27,000. Finally, Dunhill Financial LLC grew its position in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $244.85 on Friday. The stock has a market cap of $284.15 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.25 and a beta of 0.53. T-Mobile US has a twelve month low of $151.38 and a twelve month high of $248.15. The stock has a 50 day moving average of $225.69 and a two-hundred day moving average of $199.40. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts forecast that T-Mobile US will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

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.