T-Mobile US (NASDAQ:TMUS) Price Target Raised to $310.00 at Tigress Financial

T-Mobile US (NASDAQ:TMUS) had its price target raised by Tigress Financial from $305.00 to $310.00 in a report published on Tuesday,Benzinga reports. Tigress Financial currently has a buy rating on the Wireless communications provider’s stock.

Other analysts have also recently issued research reports about the company. Williams Trading set a $263.00 target price on T-Mobile US in a report on Friday, October 24th. Benchmark boosted their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Morgan Stanley reduced their target price on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $266.83.

T-Mobile US Trading Up 3.0%

TMUS stock opened at $211.98 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The company has a market cap of $237.10 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.51 and a beta of 0.57. The business has a fifty day simple moving average of $228.69 and a 200-day simple moving average of $236.35. T-Mobile US has a 52 week low of $199.41 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 earnings per share. On average, equities research analysts expect that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s payout ratio is presently 39.23%.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 2,043,381 shares of company stock valued at $489,095,047. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TMUS. Prestige Wealth Management Group LLC increased its position in shares of T-Mobile US by 17.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,901 shares of the Wireless communications provider’s stock worth $694,000 after purchasing an additional 439 shares during the last quarter. TD Asset Management Inc grew its stake in T-Mobile US by 1.4% in the third quarter. TD Asset Management Inc now owns 2,201,025 shares of the Wireless communications provider’s stock worth $526,881,000 after purchasing an additional 29,578 shares in the last quarter. Cozad Asset Management Inc. increased its holdings in T-Mobile US by 6.4% in the third quarter. Cozad Asset Management Inc. now owns 22,157 shares of the Wireless communications provider’s stock valued at $5,304,000 after buying an additional 1,333 shares during the last quarter. Greenland Capital Management LP acquired a new stake in T-Mobile US during the third quarter valued at approximately $2,631,000. Finally, Mufg Securities Americas Inc. raised its stake in T-Mobile US by 23.5% during the third quarter. Mufg Securities Americas Inc. now owns 13,050 shares of the Wireless communications provider’s stock valued at $3,124,000 after buying an additional 2,481 shares in the last quarter. 42.49% of the stock is 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.