T-Mobile US (NASDAQ:TMUS) PT Lowered to $202.00 at TD Cowen

T-Mobile US (NASDAQ:TMUS) had its price target reduced by TD Cowen from $204.00 to $202.00 in a research note published on Friday, Benzinga reports. TD Cowen currently has a buy rating on the Wireless communications provider’s stock.

Other equities research analysts also recently issued reports about the company. Raymond James boosted their price target on T-Mobile US from $180.00 to $185.00 and gave the company a strong-buy rating in a research note on Friday, January 26th. Wells Fargo & Company boosted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an overweight rating in a research note on Monday, January 22nd. Oppenheimer restated an outperform rating and set a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Benchmark restated a buy rating and set a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Finally, Royal Bank of Canada boosted their price target on T-Mobile US from $184.00 to $188.00 and gave the company an outperform rating in a research note on Friday. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of Buy and a consensus price target of $186.33.

T-Mobile US Price Performance

NASDAQ TMUS opened at $164.25 on Friday. T-Mobile US has a one year low of $124.92 and a one year high of $168.64. The stock has a 50-day moving average of $162.58 and a 200 day moving average of $157.34. The company has a market capitalization of $194.94 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 0.67 and a beta of 0.49. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same period last year, the company earned $1.58 EPS. T-Mobile US’s revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US will post 8.97 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.58%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $163.26, for a total value of $30,965,524.20. Following the transaction, the director now directly owns 678,107,041 shares of the company’s stock, valued at approximately $110,707,755,513.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Callie R. Field sold 5,844 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now owns 102,555 shares in the company, valued at approximately $17,274,364.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $163.26, for a total value of $30,965,524.20. Following the sale, the director now owns 678,107,041 shares in the company, valued at approximately $110,707,755,513.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,985,409 shares of company stock valued at $971,083,803. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of T-Mobile US

Several hedge funds and other institutional investors have recently bought and sold shares of TMUS. BluePath Capital Management LLC bought a new position in T-Mobile US in the 3rd quarter valued at $26,000. Private Wealth Management Group LLC bought a new position in T-Mobile US in the 4th quarter valued at $27,000. Valley National Advisers Inc. grew its position in T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the last quarter. Westside Investment Management Inc. grew its position in T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Finally, Baker Avenue Asset Management LP grew its position in T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other 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.