T-Mobile US (NASDAQ:TMUS) Sets New 12-Month High at $177.58

Shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $177.58 and last traded at $176.29, with a volume of 491386 shares trading hands. The stock had previously closed at $174.96.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research reports. StockNews.com cut T-Mobile US from a “buy” rating to a “hold” rating in a report on Tuesday. KeyCorp upped their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Oppenheimer reiterated an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, May 29th. Finally, Tigress Financial lifted their target price on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $186.33.

Check Out Our Latest Report on TMUS

T-Mobile US Price Performance

The stock has a market capitalization of $208.48 billion, a P/E ratio of 24.21, a PEG ratio of 0.67 and a beta of 0.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The business has a fifty day simple moving average of $164.04 and a 200-day simple moving average of $161.38.

T-Mobile US (NASDAQ:TMUSGet Free Report) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. T-Mobile US’s revenue was down .2% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is 35.37%.

Insiders Place Their Bets

In other news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the sale, the insider now owns 102,555 shares in the company, valued at $17,274,364.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $164.22, for a total transaction of $32,008,120.20. Following the completion of the sale, the director now directly owns 684,463,460 shares of the company’s stock, valued at approximately $112,402,589,401.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now owns 102,555 shares in the company, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,865,711 shares of company stock worth $1,121,805,478. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently bought and sold shares of TMUS. Great Lakes Advisors LLC bought a new position in shares of T-Mobile US during the third quarter valued at about $1,260,000. Kingsview Wealth Management LLC lifted its position in shares of T-Mobile US by 7.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,692 shares of the Wireless communications provider’s stock worth $517,000 after buying an additional 271 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of T-Mobile US by 48.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,345 shares of the Wireless communications provider’s stock worth $2,289,000 after buying an additional 5,341 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of T-Mobile US in the 3rd quarter worth approximately $4,954,000. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of T-Mobile US by 106.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 5,472 shares of the Wireless communications provider’s stock valued at $766,000 after acquiring an additional 2,821 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

About T-Mobile US

(Get Free Report)

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.

Further Reading

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