Brokerages Set T-Mobile US, Inc. (NASDAQ:TMUS) Target Price at $247.58

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have been assigned a consensus rating of “Moderate Buy” from the twenty-one research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $247.58.

TMUS has been the topic of several recent research reports. KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a research note on Thursday, December 12th. Tigress Financial raised their target price on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada upped their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Barclays increased their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Evercore ISI lifted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $223.02 on Thursday. T-Mobile US has a 12-month low of $157.74 and a 12-month high of $248.15. The firm has a market capitalization of $258.81 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.18 and a beta of 0.53. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The firm has a 50 day moving average of $231.97 and a 200 day moving average of $206.35.

T-Mobile US (NASDAQ:TMUS) last posted 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 analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 EPS. On average, research analysts anticipate that T-Mobile US will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.58%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insiders Place Their Bets

In related news, CEO G Michael Sievert sold 20,000 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,969 shares of company stock valued at $47,272,427 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in T-Mobile US by 6.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,439 shares of the Wireless communications provider’s stock valued at $6,772,000 after acquiring an additional 2,355 shares during the last quarter. HB Wealth Management LLC increased its stake in T-Mobile US by 45.1% in the 2nd quarter. HB Wealth Management LLC now owns 10,638 shares of the Wireless communications provider’s stock worth $1,874,000 after buying an additional 3,309 shares during the period. Whittier Trust Co. lifted its holdings in T-Mobile US by 3.6% during the 2nd quarter. Whittier Trust Co. now owns 6,013 shares of the Wireless communications provider’s stock valued at $1,059,000 after buying an additional 207 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in T-Mobile US in the 2nd quarter valued at about $667,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in T-Mobile US in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.