T-Mobile US (NASDAQ:TMUS) Price Target Raised to $220.00

T-Mobile US (NASDAQ:TMUS) had its target price raised by Evercore ISI from $210.00 to $220.00 in a research report sent to investors on Thursday, Marketbeat.com reports. Evercore ISI currently has an outperform rating on the Wireless communications provider’s stock.

TMUS has been the subject of a number of other research reports. Tigress Financial increased their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a buy rating in a report on Monday, August 12th. Citigroup increased their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a buy rating in a research report on Friday, July 19th. Wells Fargo & Company lifted their price objective on T-Mobile US from $200.00 to $230.00 and gave the company an overweight rating in a research note on Thursday, September 12th. Morgan Stanley boosted their price target on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an overweight rating in a research note on Monday, September 16th. Finally, TD Cowen lifted their target price on T-Mobile US from $202.00 to $216.00 and gave the company a buy rating in a report on Thursday, August 1st. Eighteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of Buy and a consensus price target of $211.92.

T-Mobile US Trading Down 0.1 %

T-Mobile US stock opened at $199.44 on Thursday. The stock’s 50 day simple moving average is $192.29 and its two-hundred day simple moving average is $176.53. T-Mobile US has a 12 month low of $135.82 and a 12 month high of $206.30. The firm has a market cap of $233.71 billion, a PE ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. Analysts anticipate that T-Mobile US will post 9.18 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. 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 1.76%. T-Mobile US’s payout ratio is currently 35.37%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the sale, the director now owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the transaction, the director now owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 706,875 shares of company stock valued at $130,909,198. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently bought and sold shares of TMUS. Vanguard Group Inc. raised its position in shares of T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Wellington Management Group LLP increased its position in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after buying an additional 4,241,877 shares during the period. Legal & General Group Plc boosted its holdings in shares of T-Mobile US by 6.8% during 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 acquiring an additional 303,582 shares during the period. Dimensional Fund Advisors LP grew its position in shares of T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after acquiring an additional 184,059 shares during the last quarter. Finally, Putnam Investments LLC increased its holdings in shares of T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares during the period. 42.49% of the stock is currently 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.