T-Mobile US (NASDAQ:TMUS) Hits New 12-Month High – Here’s What Happened

T-Mobile US, Inc. (NASDAQ:TMUS)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $215.76 and last traded at $215.13, with a volume of 141606 shares. The stock had previously closed at $213.04.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TMUS. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Scotiabank increased their price objective on T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a report on Thursday, September 19th. Benchmark lifted their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Wells Fargo & Company increased their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, Morgan Stanley lifted their price objective on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Nineteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average target price of $216.36.

T-Mobile US Price Performance

The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $254.33 billion, a PE ratio of 29.53, a PEG ratio of 1.12 and a beta of 0.51. The stock has a 50-day moving average price of $201.50 and a 200 day moving average price of $182.09.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during 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 previous year, the firm earned $1.86 EPS. Equities analysts forecast that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.62%. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

Insider Buying and Selling

In other news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 306,492 shares of company stock worth $60,161,906. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 14.5% in the fourth quarter. EP Wealth Advisors LLC now owns 5,485 shares of the Wireless communications provider’s stock valued at $879,000 after purchasing an additional 694 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $1,350,000. Kapitalo Investimentos Ltda acquired a new position in T-Mobile US in the fourth quarter valued at approximately $300,000. GAMMA Investing LLC lifted its holdings in T-Mobile US by 29.3% in the first quarter. GAMMA Investing LLC now owns 5,120 shares of the Wireless communications provider’s stock valued at $836,000 after acquiring an additional 1,159 shares during the last quarter. Finally, Bath Savings Trust Co grew its position in T-Mobile US by 11.5% in the first quarter. Bath Savings Trust Co now owns 1,565 shares of the Wireless communications provider’s stock worth $255,000 after acquiring an additional 161 shares during the period. 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.