T-Mobile US (NASDAQ:TMUS) Given New $265.00 Price Target at JPMorgan Chase & Co.

T-Mobile US (NASDAQ:TMUS) had its target price raised by JPMorgan Chase & Co. from $250.00 to $265.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the Wireless communications provider’s stock.

Several other analysts have also issued reports on TMUS. Oppenheimer increased their target price on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada cut T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $255.00 to $240.00 in a research note on Monday, January 6th. Daiwa America upgraded T-Mobile US to a “hold” rating in a research note on Friday, October 25th. TD Cowen upped their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Citigroup lifted their target price on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $248.89.

T-Mobile US Stock Down 0.3 %

TMUS opened at $234.37 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock has a fifty day moving average of $226.37 and a 200-day moving average of $212.82. T-Mobile US has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The company has a market capitalization of $271.98 billion, a P/E ratio of 24.24, a P/E/G ratio of 1.17 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.00%. On average, equities analysts expect that T-Mobile US will post 10.15 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,200 shares of company stock worth $32,736,303. Company insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds have recently made changes to their positions in the company. DT Investment Partners LLC increased its holdings in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the last quarter. Dunhill Financial LLC increased its stake in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares in the last quarter. Financial Life Planners bought a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of T-Mobile US during the 3rd quarter valued at approximately $34,000. 42.49% of the stock is currently owned by institutional investors.

About T-Mobile US

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.