T-Mobile US, Inc. (NASDAQ:TMUS – Get Free Report)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $157.75, but opened at $151.55. T-Mobile US shares last traded at $154.8980, with a volume of 757,762 shares changing hands.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on TMUS shares. Scotiabank cut their price objective on shares of T-Mobile US from $217.00 to $212.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 9th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research note on Monday, September 28th. Royal Bank Of Canada decreased their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. UBS Group decreased their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of T-Mobile US in a research note on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.65.
Get Our Latest Stock Analysis on T-Mobile US
T-Mobile US Stock Down 3.1%
The company has a 50-day moving average of $172.06 and a 200-day moving average of $181.49. The company has a market capitalization of $163.97 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 0.97 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $2.84 earnings per share. On average, equities analysts predict that T-Mobile US, Inc. will post 11.17 earnings per share for the current fiscal year.
T-Mobile US Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 3.1%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. T-Mobile US’s dividend payout ratio is currently 49.01%.
Insider Activity at T-Mobile US
In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in TMUS. BlackRock Inc. purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $6,625,275,000. Bank of New York Mellon Corp purchased a new position in shares of T-Mobile US during the 2nd quarter worth approximately $839,194,000. Bank of America Corp DE purchased a new position in shares of T-Mobile US during the 2nd quarter worth approximately $758,977,000. Legal & General Group Plc acquired a new stake in T-Mobile US in the 2nd quarter valued at approximately $583,675,000. Finally, Deutsche Bank AG acquired a new stake in T-Mobile US in the 2nd quarter valued at approximately $349,928,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.
About T-Mobile US
T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.
The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.
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