T-Mobile US (NASDAQ:TMUS) Price Target Lowered to $290.00 at Wolfe Research

T-Mobile US (NASDAQ:TMUS) had its target price reduced by Wolfe Research from $300.00 to $290.00 in a research report released on Tuesday morning,MarketScreener reports. They currently have an outperform rating on the Wireless communications provider’s stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price for the company. KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.39.

T-Mobile US Trading Up 0.6%

TMUS stock opened at $239.38 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The company has a fifty day moving average price of $245.19 and a two-hundred day moving average price of $244.59. T-Mobile US has a one year low of $202.77 and a one year high of $276.49. The stock has a market cap of $269.40 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the previous year, the business posted $2.49 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is currently 38.49%.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,415 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $238.11, for a total transaction of $15,337,855.65. Following the completion of the sale, the director owned 634,177,066 shares of the company’s stock, valued at $151,003,901,185.26. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 2,520,207 shares of company stock worth $608,126,659 over the last three months. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently bought and sold shares of TMUS. Activest Wealth Management raised its stake in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in T-Mobile US during the second quarter worth about $25,000. Godsey & Gibb Inc. raised its stake in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 60 shares in the last quarter. Missouri Trust & Investment Co raised its stake in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new position in T-Mobile US during the first quarter worth about $29,000. 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.