T-Mobile US (NASDAQ:TMUS) Price Target Increased to $230.00 by Analysts at Barclays

T-Mobile US (NASDAQ:TMUS) had its target price raised by Barclays from $215.00 to $230.00 in a report released on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the Wireless communications provider’s stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company raised their price objective on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Bank of America increased their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Raymond James lowered T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $208.00 to $221.00 in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.17.

T-Mobile US Trading Down 3.1 %

TMUS opened at $226.36 on Thursday. T-Mobile US has a fifty-two week low of $138.42 and a fifty-two week high of $234.56. The firm has a market capitalization of $264.11 billion, a PE ratio of 28.37, a P/E/G ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The company’s 50-day moving average is $206.12 and its 200 day moving average is $185.23.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. As a group, research analysts predict that T-Mobile US will post 9.22 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 32.58%.

Insider Transactions at T-Mobile US

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s 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 owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 349,261 shares of company stock worth $69,411,130 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. WASHINGTON TRUST Co boosted 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 during the period. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Summit Securities Group LLC bought a new position in T-Mobile US in the 2nd quarter valued at $27,000. Y.D. More Investments Ltd bought a new position in T-Mobile US in the 2nd quarter valued at $27,000. Finally, Westside Investment Management Inc. grew its position in shares of 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 valued at $28,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other 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.