T-Mobile US (NASDAQ:TMUS) Sets New 12-Month High – Should You Buy?

T-Mobile US, Inc. (NASDAQ:TMUS)’s share price hit a new 52-week high on Tuesday . The company traded as high as $242.83 and last traded at $241.86, with a volume of 162316 shares. The stock had previously closed at $239.94.

Analyst Ratings Changes

Several analysts recently issued reports on TMUS shares. Evercore ISI increased their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company raised their target price on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. KeyCorp boosted their price target on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Bank of America increased their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group boosted their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Trading Up 0.8 %

The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market cap of $280.68 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.22 and a beta of 0.50. The business has a fifty day simple moving average of $220.26 and a 200 day simple moving average of $195.92.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period last year, the business posted $1.82 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 29.65%.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction 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 sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. This trade represents a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,750 shares of company stock worth $72,863,634 over the last quarter. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Large investors have recently made changes to their positions in the company. EntryPoint Capital LLC grew its stake in shares of T-Mobile US by 80.7% in the first quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 113 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in T-Mobile US in the 1st quarter valued at about $5,380,000. Tidal Investments LLC increased its stake in T-Mobile US by 14.2% during the 1st quarter. Tidal Investments LLC now owns 63,686 shares of the Wireless communications provider’s stock valued at $10,392,000 after buying an additional 7,904 shares during the period. Hancock Whitney Corp raised its position in shares of T-Mobile US by 0.9% during the 1st quarter. Hancock Whitney Corp now owns 93,525 shares of the Wireless communications provider’s stock worth $15,265,000 after buying an additional 849 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of T-Mobile US by 6.3% in the 1st quarter. Comerica Bank now owns 157,126 shares of the Wireless communications provider’s stock worth $25,646,000 after acquiring an additional 9,309 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.