T-Mobile US (NASDAQ:TMUS) Given Buy Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their buy rating on shares of T-Mobile US (NASDAQ:TMUS) in a research note issued to investors on Tuesday,MarketScreener reports.

A number of other equities research analysts have also issued reports on TMUS. Daiwa Capital Markets reduced their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. BNP Paribas Exane cut their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. Finally, Morgan Stanley decreased their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $255.58.

T-Mobile US Stock Up 1.4%

Shares of NASDAQ:TMUS opened at $197.68 on Tuesday. The firm has a market capitalization of $221.11 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.08 and a beta of 0.44. T-Mobile US has a 1 year low of $181.36 and a 1 year high of $276.49. 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 firm’s 50-day moving average is $197.33 and its two-hundred day moving average is $220.53.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 51,457 shares of company stock worth $11,149,636. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Wealth LLC raised its position in T-Mobile US by 9.8% in the 4th quarter. NewEdge Wealth LLC now owns 10,146 shares of the Wireless communications provider’s stock valued at $2,060,000 after purchasing an additional 903 shares during the last quarter. Ballast Inc. grew its position in T-Mobile US by 14.3% during the 4th quarter. Ballast Inc. now owns 5,985 shares of the Wireless communications provider’s stock worth $1,215,000 after purchasing an additional 747 shares during the last quarter. Wesbanco Bank Inc. increased its stake in T-Mobile US by 13.1% in the fourth quarter. Wesbanco Bank Inc. now owns 55,447 shares of the Wireless communications provider’s stock valued at $11,258,000 after purchasing an additional 6,424 shares during the period. Chesapeake Wealth Management raised its holdings in shares of T-Mobile US by 3.1% in the fourth quarter. Chesapeake Wealth Management now owns 6,042 shares of the Wireless communications provider’s stock valued at $1,227,000 after buying an additional 180 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in shares of T-Mobile US by 3.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 3,210 shares of the Wireless communications provider’s stock worth $652,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

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.