T-Mobile US (NASDAQ:TMUS) Given New $278.00 Price Target at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price target increased by Scotiabank from $271.50 to $278.00 in a report released on Monday morning,Benzinga reports. They currently have a sector outperform rating on the Wireless communications provider’s stock.

TMUS has been the subject of a number of other research reports. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. BNP Paribas Exane raised their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Finally, Moffett Nathanson boosted their price target on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $264.29.

T-Mobile US Stock Down 2.3%

TMUS stock opened at $224.96 on Monday. The firm has a market cap of $253.17 billion, a PE ratio of 21.22, a P/E/G ratio of 1.27 and a beta of 0.59. T-Mobile US has a 12 month low of $207.40 and a 12 month high of $276.49. 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 firm has a 50 day simple moving average of $244.30 and a 200 day simple moving average of $243.68.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. Equities research analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is presently 38.49%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $230.41, for a total transaction of $14,844,394.66. Following the completion of the transaction, the director directly owned 628,297,455 shares of the company’s stock, valued at approximately $144,766,016,606.55. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 2,579,219 shares of company stock valued at $621,776,150. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TMUS. Old Port Advisors boosted its holdings in T-Mobile US by 6.2% during the third quarter. Old Port Advisors now owns 1,265 shares of the Wireless communications provider’s stock valued at $303,000 after purchasing an additional 74 shares in the last quarter. Venture Visionary Partners LLC lifted its position in shares of T-Mobile US by 45.2% during the 3rd quarter. Venture Visionary Partners LLC now owns 2,535 shares of the Wireless communications provider’s stock worth $607,000 after buying an additional 789 shares during the period. Nilsine Partners LLC boosted its stake in T-Mobile US by 2.1% in the 3rd quarter. Nilsine Partners LLC now owns 5,340 shares of the Wireless communications provider’s stock valued at $1,278,000 after buying an additional 110 shares in the last quarter. Cardinal Capital Management Inc. grew its position in T-Mobile US by 0.6% in the third quarter. Cardinal Capital Management Inc. now owns 171,071 shares of the Wireless communications provider’s stock valued at $40,951,000 after acquiring an additional 1,052 shares during the period. Finally, Aaron Wealth Advisors LLC raised its stake in T-Mobile US by 10.7% during the third quarter. Aaron Wealth Advisors LLC now owns 2,365 shares of the Wireless communications provider’s stock worth $566,000 after acquiring an additional 229 shares in the last quarter. Institutional investors and hedge funds 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.