T-Mobile US (NASDAQ:TMUS) Given New $245.00 Price Target at Argus

T-Mobile US (NASDAQ:TMUS) had its price objective decreased by Argus from $275.00 to $245.00 in a research note released on Tuesday morning,Benzinga reports. Argus currently has a buy rating on the Wireless communications provider’s stock.

Other equities analysts have also issued reports about the company. Benchmark upped their target price on T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Daiwa Capital Markets decreased their price objective on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Finally, KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.00.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $201.35 on Tuesday. The firm has a 50-day moving average of $215.90 and a two-hundred day moving average of $231.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock has a market cap of $225.21 billion, a P/E ratio of 19.36, a PEG ratio of 1.31 and a beta of 0.44. T-Mobile US has a 1-year low of $199.17 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The business 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%.The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.61 earnings per share. On average, research analysts expect that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. T-Mobile US’s payout ratio is 39.23%.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the transaction, the director owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Letitia A. Long sold 1,457 shares of T-Mobile US stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the transaction, the director owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,301,598 shares of company stock valued at $300,561,785 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several large investors have recently added to or reduced their stakes in TMUS. Activest Wealth Management grew its position in shares of 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 during the last quarter. Howard Hughes Medical Institute acquired a new position in T-Mobile US during the 2nd quarter valued at about $25,000. United Community Bank grew its position in T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the first quarter valued at approximately $29,000. Finally, Elevation Wealth Partners LLC raised its holdings in shares of T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 76 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

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.