T-Mobile US, Inc. (NASDAQ:TMUS – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $184.01 and last traded at $184.8550, with a volume of 414708 shares traded. The stock had previously closed at $186.32.
Analyst Ratings Changes
Several research firms have recently weighed in on TMUS. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Tigress Financial raised their price objective on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Morgan Stanley dropped their price objective on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Williams Trading set a $263.00 price target on T-Mobile US in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $257.76.
Check Out Our Latest Analysis on TMUS
T-Mobile US Trading Up 1.0%
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the prior year, the company posted $2.61 earnings per share. T-Mobile US’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.
Insider Activity
In other news, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the sale, the director owned 5,438 shares of the company’s stock, valued at $1,143,720.16. The trade was a 21.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the transaction, the director directly owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. The trade was a 0.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 171,620 shares of company stock valued at $37,671,808 in the last quarter. Insiders own 0.37% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in shares of T-Mobile US by 13.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 222,843 shares of the Wireless communications provider’s stock worth $45,246,000 after buying an additional 27,230 shares in the last quarter. Triad Wealth Partners LLC lifted its holdings in shares of T-Mobile US by 11.4% in the fourth quarter. Triad Wealth Partners LLC now owns 1,005 shares of the Wireless communications provider’s stock valued at $204,000 after purchasing an additional 103 shares in the last quarter. Spirepoint Private Client LLC grew its position in shares of T-Mobile US by 12.3% in the fourth quarter. Spirepoint Private Client LLC now owns 1,687 shares of the Wireless communications provider’s stock valued at $343,000 after purchasing an additional 185 shares during the last quarter. Cardinal Capital Management Inc. grew its position in shares of T-Mobile US by 3.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 176,744 shares of the Wireless communications provider’s stock valued at $35,886,000 after purchasing an additional 5,673 shares during the last quarter. Finally, Fiduciary Alliance LLC increased its stake in shares of T-Mobile US by 5.8% during the 4th quarter. Fiduciary Alliance LLC now owns 5,402 shares of the Wireless communications provider’s stock worth $1,097,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.
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.
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