T-Mobile US (NASDAQ:TMUS) PT Raised to $237.00 at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price target hoisted by Scotiabank from $236.00 to $237.00 in a research report released on Thursday, Benzinga reports. They currently have a sector perform rating on the Wireless communications provider’s stock.

A number of other research analysts have also weighed in on the stock. Barclays raised their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday. Tigress Financial lifted their price objective on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Bank of America upped their target price on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price target on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $240.17.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $226.36 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 business has a 50 day simple moving average of $206.12 and a two-hundred day simple moving average of $185.58. The stock has a market capitalization of $264.11 billion, a P/E ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. T-Mobile US has a 12 month low of $138.42 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the company earned $1.82 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that T-Mobile US will post 9.22 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 32.58%.

Insiders Place Their Bets

In related news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the transaction, the executive vice president now owns 35,588 shares in the company, valued at approximately $6,761,720. The trade was 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 hyperlink. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at $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 is available at this link. Also, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 349,261 shares of company stock worth $69,411,130 over the last three months. Company insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Several hedge funds have recently added to or reduced their stakes in TMUS. Vanguard Group Inc. increased its position in shares of T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares in the last quarter. Legal & General Group Plc increased its holdings in T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after buying an additional 303,582 shares during the last quarter. Blackstone Inc. purchased a new position in T-Mobile US in the first quarter valued at $48,966,000. Finally, ProShare Advisors LLC raised its stake in T-Mobile US by 26.8% in the first quarter. ProShare Advisors LLC now owns 1,233,867 shares of the Wireless communications provider’s stock valued at $201,392,000 after buying an additional 260,795 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.