T-Mobile US (NASDAQ:TMUS) Price Target Raised to $255.00

T-Mobile US (NASDAQ:TMUS) had its price target boosted by Royal Bank of Canada from $232.00 to $255.00 in a research note released on Friday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the Wireless communications provider’s stock.

A number of other brokerages have also commented on TMUS. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Oppenheimer increased their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley lifted their target price on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. KeyCorp increased their price target on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Benchmark boosted their price target on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $240.17.

T-Mobile US Price Performance

NASDAQ TMUS opened at $226.36 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market cap of $264.11 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. The business has a 50 day simple moving average of $206.12 and a 200 day simple moving average of $185.58. T-Mobile US has a 52-week low of $138.42 and a 52-week high of $234.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. Analysts anticipate that T-Mobile US will post 9.22 earnings per share 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. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 32.58%.

Insider Activity

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The stock was 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 $13,380,222.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC raised its holdings in T-Mobile US by 23.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,754 shares of the Wireless communications provider’s stock valued at $449,000 after acquiring an additional 529 shares in the last quarter. OneAscent Financial Services LLC increased its position in shares of T-Mobile US by 80.8% in the first quarter. OneAscent Financial Services LLC now owns 2,578 shares of the Wireless communications provider’s stock worth $421,000 after purchasing an additional 1,152 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in T-Mobile US by 2.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 18,177 shares of the Wireless communications provider’s stock valued at $2,967,000 after purchasing an additional 433 shares in the last quarter. First Bank & Trust bought a new stake in T-Mobile US during the first quarter worth about $345,000. Finally, Vicus Capital acquired a new stake in T-Mobile US during the first quarter worth about $279,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.