T-Mobile US (NASDAQ:TMUS) Price Target Increased to $237.00 by Analysts at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price target boosted by Scotiabank from $236.00 to $237.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a sector perform rating on the Wireless communications provider’s stock.

A number of other analysts also recently weighed in on TMUS. Oppenheimer boosted their target price on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Citigroup lifted their target price on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft increased their price target on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Benchmark lifted their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $238.89.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $233.56 on Thursday. The company has a market cap of $272.51 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.15 and a beta of 0.51. T-Mobile US has a 1 year low of $137.69 and a 1 year high of $234.40. The stock’s 50 day simple moving average is $204.75 and its two-hundred day simple moving average is $184.44. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. As a group, equities analysts anticipate that T-Mobile US will post 9.22 earnings per share 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. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 32.58%.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction that occurred 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 transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 349,261 shares of company stock valued at $69,411,130 over the last quarter. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TMUS. Vanguard Group Inc. grew its stake in T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the last quarter. Legal & General Group Plc grew its position in shares of T-Mobile US by 6.8% in 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 last quarter. Dimensional Fund Advisors LP raised its stake in shares of T-Mobile US by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after acquiring an additional 184,059 shares in the last quarter. Clearbridge Investments LLC lifted its position in T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after acquiring an additional 578,348 shares during the last quarter. Finally, Boston Partners boosted its stake in T-Mobile US by 1.1% in the first quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock valued at $424,025,000 after acquiring an additional 28,045 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

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.