T-Mobile US (NASDAQ:TMUS) Price Target Raised to $310.00

T-Mobile US (NASDAQ:TMUS) had its price objective hoisted by Tigress Financial from $305.00 to $310.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the Wireless communications provider’s stock.

Several other equities analysts also recently weighed in on the stock. Cowen restated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective for the company. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a research report on Wednesday, October 1st. Williams Trading set a $263.00 target price on T-Mobile US in a report on Friday, October 24th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.83.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $214.57 on Tuesday. The stock has a fifty day moving average price of $227.14 and a 200 day moving average price of $236.03. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The stock has a market cap of $240.00 billion, a PE ratio of 20.63, a P/E/G ratio of 1.51 and a beta of 0.57. T-Mobile US has a 1 year low of $199.41 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share 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 return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.61 earnings per share. Sell-side 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 announced 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 represents a $4.08 annualized dividend and a yield of 1.9%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of T-Mobile US stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the sale, the director owned 582,065,875 shares in the company, valued at $128,322,242,802.50. The trade was a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Srini Gopalan acquired 9,800 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the purchase, the chief executive officer owned 90,258 shares in the company, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 1,971,041 shares of company stock worth $470,946,486. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently bought and sold shares of the stock. Invenio Wealth Partners LLC grew its stake in shares of T-Mobile US by 15.5% during the 3rd quarter. Invenio Wealth Partners LLC now owns 1,722 shares of the Wireless communications provider’s stock valued at $412,000 after buying an additional 231 shares during the period. Pathstone Holdings LLC boosted its holdings in T-Mobile US by 3.4% in the third quarter. Pathstone Holdings LLC now owns 63,686 shares of the Wireless communications provider’s stock valued at $15,245,000 after acquiring an additional 2,107 shares during the last quarter. Boston Partners boosted its holdings in T-Mobile US by 37.6% in the third quarter. Boston Partners now owns 2,118,624 shares of the Wireless communications provider’s stock valued at $505,817,000 after acquiring an additional 579,352 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in T-Mobile US by 0.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 210,315 shares of the Wireless communications provider’s stock valued at $50,345,000 after acquiring an additional 1,655 shares during the period. Finally, Family Management Corp acquired a new stake in T-Mobile US during the third quarter worth about $201,000. Hedge funds and other 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.