T-Mobile US (NASDAQ:TMUS) Price Target Cut to $225.00 by Analysts at Wells Fargo & Company

T-Mobile US (NASDAQ:TMUS) had its target price trimmed by Wells Fargo & Company from $260.00 to $225.00 in a research report report published on Monday morning, MarketBeat reports. The brokerage currently has an overweight rating on the Wireless communications provider’s stock.

A number of other analysts have also recently weighed in on TMUS. Wolfe Research decreased their price target on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Rothschild Redb raised T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Morgan Stanley dropped their price target on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Argus decreased their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Finally, Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $256.36.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $187.96 on Monday. The stock has a market cap of $210.24 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.02 and a beta of 0.45. T-Mobile US has a twelve month low of $181.36 and a twelve month high of $276.49. The stock has a 50 day moving average of $199.51 and a two-hundred day moving average of $222.05. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s payout ratio is 39.23%.

Insider Activity

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $302,912.04. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,831 shares of company stock valued at $11,452,548 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TMUS. Vanguard Group Inc. grew its stake in T-Mobile US by 1.5% during the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after buying an additional 636,192 shares during the period. State Street Corp boosted its position in shares of T-Mobile US by 4.7% in the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock worth $5,801,155,000 after buying an additional 1,092,769 shares during the period. Capital International Investors grew its stake in shares of T-Mobile US by 5.5% in the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock valued at $3,285,608,000 after buying an additional 711,278 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after buying an additional 4,335,368 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of T-Mobile US by 6.1% during the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock valued at $1,891,845,000 after buying an additional 453,096 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.