T-Mobile US (NASDAQ:TMUS) Price Target Raised to $235.00

T-Mobile US (NASDAQ:TMUS) had its price objective increased by Wells Fargo & Company from $220.00 to $235.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the Wireless communications provider’s stock.

A number of other research firms have also commented on TMUS. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays increased their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Seven investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.21.

T-Mobile US Stock Down 0.6 %

TMUS stock opened at $232.97 on Thursday. T-Mobile US has a 1-year low of $158.84 and a 1-year high of $248.15. The business’s 50 day simple moving average is $226.22 and its 200 day simple moving average is $213.32. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $270.36 billion, a PE ratio of 24.09, a PEG ratio of 1.17 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results 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 return on equity of 18.00% and a net margin of 13.93%. As a group, research analysts anticipate that T-Mobile US will post 10.15 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. T-Mobile US’s payout ratio is currently 36.40%.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nestor Cano sold 11,100 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,200 shares of company stock worth $32,736,303. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of large investors have recently made changes to their positions in the business. DT Investment Partners LLC boosted its stake in shares of 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 in the last quarter. Dunhill Financial LLC boosted its position in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. MFA Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares during the period. Financial Life Planners bought a new position in shares of T-Mobile US in the 4th quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US in 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.