T-Mobile US (NASDAQ:TMUS) Price Target Raised to $255.00 at Benchmark

T-Mobile US (NASDAQ:TMUS) had its price objective boosted by Benchmark from $250.00 to $255.00 in a report released on Thursday, Benzinga reports. The firm currently has a buy rating on the Wireless communications provider’s stock.

Other research analysts have also recently issued research reports about the stock. Bank of America upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada increased their target price on T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Citigroup boosted their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday. Barclays increased their price objective on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Oppenheimer boosted their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $238.89.

T-Mobile US Stock Performance

TMUS stock opened at $233.56 on Thursday. T-Mobile US has a 1-year low of $137.69 and a 1-year high of $234.40. The business’s 50-day moving average price is $204.75 and its two-hundred day moving average price is $184.44. The firm has a market cap of $272.51 billion, a PE ratio of 29.27, a P/E/G ratio of 1.15 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 released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the business posted $1.82 EPS. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts forecast that T-Mobile US will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 1.51%. T-Mobile US’s payout ratio is currently 32.58%.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction on 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 completion of the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deeanne King sold 15,437 shares of the stock in a transaction dated 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 directly owns 35,588 shares in the company, valued at $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,261 shares of company stock worth $69,411,130. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors have recently made changes to their positions in TMUS. Vanguard Group Inc. increased its stake in shares of T-Mobile US by 3.8% during the first 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. Clearbridge Investments LLC increased its position in T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after buying an additional 578,348 shares during the period. Legal & General Group Plc increased its position in T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after buying an additional 303,582 shares during the period. Blackstone Inc. acquired a new stake in shares of T-Mobile US during the first quarter worth $48,966,000. Finally, ProShare Advisors LLC boosted its position in shares of T-Mobile US by 26.8% in the first quarter. ProShare Advisors LLC now owns 1,233,867 shares of the Wireless communications provider’s stock valued at $201,392,000 after acquiring an additional 260,795 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

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.