T-Mobile US (NASDAQ:TMUS) Price Target Raised to $250.00 at JPMorgan Chase & Co.

T-Mobile US (NASDAQ:TMUS) had its target price lifted by JPMorgan Chase & Co. from $230.00 to $250.00 in a research note released on Thursday, Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada upped their target price on T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. KeyCorp raised their target price on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Tigress Financial lifted their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Citigroup upped their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday. Finally, Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.89.

T-Mobile US Stock Performance

Shares of TMUS opened at $233.56 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The firm’s 50 day moving average is $204.75 and its 200-day moving average is $184.44. T-Mobile US has a 12-month low of $137.69 and a 12-month high of $234.40. The stock has a market capitalization of $272.51 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the business posted $1.82 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that T-Mobile US will post 9.22 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is currently 32.58%.

Insider Buying and Selling at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now owns 119,687 shares in the company, valued at approximately $24,571,741.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 349,261 shares of company stock worth $69,411,130 over the last ninety days. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Large investors have recently added to or reduced their stakes in the stock. DT Investment Partners LLC boosted its stake in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the period. Davis Investment Partners LLC lifted its holdings in shares of T-Mobile US by 0.6% during the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock worth $1,711,000 after buying an additional 51 shares during the last quarter. Barden Capital Management Inc. boosted its position in shares of T-Mobile US by 0.8% in the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after acquiring an additional 54 shares during the period. Compton Wealth Advisory Group LLC grew its stake in shares of T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after acquiring an additional 56 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its position in T-Mobile US by 0.7% during the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock worth $1,468,000 after acquiring an additional 56 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

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.