JPMorgan Chase & Co. Raises T-Mobile US (NASDAQ:TMUS) Price Target to $230.00

T-Mobile US (NASDAQ:TMUS) had its price target lifted by JPMorgan Chase & Co. from $220.00 to $230.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the Wireless communications provider’s stock.

Other equities research analysts also recently issued research reports about the company. Oppenheimer upped their price target on T-Mobile US from $200.00 to $215.00 and gave the stock an outperform rating in a report on Thursday. Citigroup raised their price target on shares of T-Mobile US from $184.00 to $210.00 and gave the company a buy rating in a research report on Friday, July 19th. TD Cowen increased their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a buy rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $185.00 to $200.00 and gave the stock a buy rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group began coverage on T-Mobile US in a report on Monday, July 1st. They set a buy rating and a $200.00 price target on the stock. Eighteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $211.92.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $199.44 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm has a fifty day simple moving average of $192.29 and a two-hundred day simple moving average of $176.60. T-Mobile US has a 12 month low of $135.82 and a 12 month high of $206.30. The firm has a market capitalization of $233.71 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company 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 firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 EPS. Analysts forecast that T-Mobile US will post 9.18 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.76%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 35.37%.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. The disclosure for this sale can be found here. Insiders have sold a total of 573,414 shares of company stock worth $107,147,801 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Aveo Capital Partners LLC increased its stake in T-Mobile US by 6.5% in the 4th quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock worth $361,000 after acquiring an additional 137 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $207,000. D.A. Davidson & CO. lifted its position in T-Mobile US by 15.4% during the fourth quarter. D.A. Davidson & CO. now owns 32,962 shares of the Wireless communications provider’s stock valued at $5,285,000 after purchasing an additional 4,407 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of T-Mobile US by 2.9% in the 4th quarter. Corient Private Wealth LLC now owns 146,304 shares of the Wireless communications provider’s stock worth $23,457,000 after buying an additional 4,184 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of T-Mobile US by 32.0% during the 4th quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after buying an additional 7,000 shares in the last quarter. Institutional investors 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.