T-Mobile US (NASDAQ:TMUS) Receives Neutral Rating from Sanford C. Bernstein

Sanford C. Bernstein reiterated their neutral rating on shares of T-Mobile US (NASDAQ:TMUSFree Report) in a research report sent to investors on Wednesday,MarketScreener reports.

Several other research firms have also commented on TMUS. BNP Paribas Exane dropped their target price on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Morgan Stanley started coverage on T-Mobile US in a report on Thursday, April 16th. They set an “overweight” rating and a $260.00 price objective on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, The Goldman Sachs Group dropped their price objective on T-Mobile US from $254.00 to $253.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.91.

Check Out Our Latest Stock Analysis on TMUS

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $188.92 on Wednesday. The firm has a market capitalization of $208.16 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.43. The business’s fifty day moving average price is $209.22 and its 200 day moving average price is $206.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. T-Mobile US has a 12 month low of $181.36 and a 12 month high of $263.79.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 42.02%.

Insider Activity at T-Mobile US

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the transaction, the chief financial officer owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the transaction, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. The trade was a 38.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 694,134 shares of company stock valued at $150,847,799. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently made changes to their positions in TMUS. Sei Investments Co. grew its holdings in shares of T-Mobile US by 6.3% during the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after buying an additional 8,491 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of T-Mobile US by 315.7% during the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after buying an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US during the second quarter worth about $375,000. Raymond James Financial Inc. grew its holdings in shares of T-Mobile US by 0.5% during the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after buying an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP grew its holdings in shares of T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Key T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

About T-Mobile US

(Get Free Report)

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.

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