T-Mobile US (NASDAQ:TMUS) Price Target Raised to $265.00

T-Mobile US (NASDAQ:TMUS) had its target price increased by JPMorgan Chase & Co. from $250.00 to $265.00 in a research note published on Thursday,Benzinga reports. The firm currently has an overweight rating on the Wireless communications provider’s stock.

TMUS has been the subject of a number of other research reports. Bank of America boosted 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 report on Thursday, October 24th. Tigress Financial upped their target price on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday, December 2nd. The Goldman Sachs Group raised their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a research note on Thursday, December 12th. Finally, Royal Bank of Canada cut T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $255.00 to $240.00 in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $250.21.

T-Mobile US Price Performance

Shares of TMUS opened at $232.97 on Thursday. T-Mobile US has a 52 week low of $158.84 and a 52 week high of $248.15. 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 market cap of $270.36 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.17 and a beta of 0.56. The stock has a 50 day moving average of $226.22 and a 200-day moving average of $213.32.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.00%. As a group, analysts forecast that T-Mobile US will post 10.15 EPS 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. Shareholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is currently 36.40%.

Insider Activity

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 144,200 shares of company stock worth $32,736,303. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. DT Investment Partners LLC boosted its stake in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares in the last quarter. Dunhill Financial LLC lifted its holdings in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Financial Life Planners purchased a new stake in shares of T-Mobile US during the fourth quarter valued at $29,000. MFA Wealth Advisors LLC increased its stake in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in T-Mobile US during the 3rd quarter worth about $34,000. 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.