T-Mobile US (NASDAQ:TMUS) Given New $230.00 Price Target at Daiwa Capital Markets

T-Mobile US (NASDAQ:TMUS) had its target price decreased by Daiwa Capital Markets from $240.00 to $230.00 in a research note issued to investors on Tuesday morning,MarketScreener reports. Daiwa Capital Markets currently has a neutral rating on the Wireless communications provider’s stock.

Other equities research analysts have also issued reports about the stock. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Wolfe Research decreased their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Bank of America began coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $266.63.

T-Mobile US Price Performance

TMUS stock opened at $219.99 on Tuesday. The firm has a market cap of $246.06 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.55 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The company’s 50-day moving average price is $237.85 and its two-hundred day moving average price is $240.03. T-Mobile US has a 12 month low of $208.39 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.61 EPS. On average, analysts anticipate that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio is presently 33.85%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 2,273,274 shares of company stock valued at $547,198,479. 0.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TMUS. Activest Wealth Management lifted its position in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of T-Mobile US during the 2nd quarter valued at $25,000. Missouri Trust & Investment Co lifted its position in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 105 shares during the period. Elevation Wealth Partners LLC lifted its position in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the period. Finally, Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the 1st quarter valued at $29,000. 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.