T-Mobile US (NASDAQ:TMUS) Sets New 52-Week High at $208.16

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) reached a new 52-week high on Thursday . The company traded as high as $208.16 and last traded at $203.22, with a volume of 619412 shares traded. The stock had previously closed at $203.31.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TMUS shares. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday. Scotiabank boosted their target price on T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Citigroup boosted their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Tigress Financial upped their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Eighteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Buy” and an average price target of $214.36.

T-Mobile US Stock Up 0.9 %

The company has a market capitalization of $240.44 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.07 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 50 day simple moving average is $194.35 and its 200-day simple moving average is $177.77.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results 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 net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the prior year, the company posted $1.86 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.13 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.72%. T-Mobile US’s payout ratio is 47.89%.

Insiders Place Their Bets

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 306,492 shares of company stock worth $60,078,776. 0.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

A number of large investors have recently bought and sold shares of the stock. WASHINGTON TRUST Co lifted its position in shares of 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 acquiring an additional 83 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the 2nd quarter worth about $27,000. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of T-Mobile US in the second quarter valued at approximately $30,000. Finally, Westside Investment Management Inc. lifted its stake in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 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.