T-Mobile US (NASDAQ:TMUS) Given New $215.00 Price Target at Barclays

T-Mobile US (NASDAQ:TMUS) had its price objective lowered by Barclays from $230.00 to $215.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an overweight rating on the Wireless communications provider’s stock.

Other research analysts also recently issued reports about the company. Scotiabank decreased their price objective on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Finally, UBS Group lowered their price objective on shares of T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $252.88.

T-Mobile US Trading Up 5.7%

Shares of NASDAQ:TMUS opened at $180.09 on Friday. The firm has a market cap of $194.89 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.01 and a beta of 0.33. The company has a quick ratio of 0.97, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US has a 12 month low of $165.66 and a 12 month high of $261.56. The company’s fifty day simple moving average is $184.53 and its 200 day simple moving average is $195.66.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter in the prior year, the company earned $2.84 EPS. The company’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that T-Mobile US will post 10.53 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is currently 42.72%.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 5,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andre Almeida purchased 5,097 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the acquisition, the insider owned 44,850 shares in the company, valued at $8,798,673. The trade was a 12.82% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently modified their holdings of TMUS. JDM Financial Group LLC grew its stake in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Main Street Group LTD acquired a new stake in T-Mobile US in the 1st quarter worth about $25,000. Swiss RE Ltd. bought a new stake in T-Mobile US in the 4th quarter valued at about $29,000. Turning Point Benefit Group Inc. boosted its holdings in T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Finally, Sachetta LLC grew its position in shares of T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Key Stories Impacting T-Mobile US

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

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

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.