T-Mobile US (NASDAQ:TMUS) Reaches New 12-Month High – Here’s Why

T-Mobile US, Inc. (NASDAQ:TMUS)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $242.55 and last traded at $242.55, with a volume of 17429 shares. The stock had previously closed at $240.88.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Morgan Stanley boosted their price objective on T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Citigroup raised their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Oppenheimer lifted their target price on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company increased their price target on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Stock Down 0.9 %

The stock has a market cap of $273.42 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50. The business has a fifty day moving average of $215.03 and a 200-day moving average of $191.94. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. T-Mobile US’s dividend payout ratio (DPR) is 29.65%.

Insider Activity

In related news, Director Raul Marcelo Claure sold 111,882 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $197.84, for a total transaction of $22,134,734.88. Following the completion of the sale, the director now directly owns 1,828,910 shares in the company, valued at $361,831,554.40. This represents a 5.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares in the company, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 464,924 shares of company stock worth $97,427,925. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently bought and sold shares of TMUS. WASHINGTON TRUST Co boosted its position in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC boosted its holdings in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US during the second quarter worth about $27,000. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US during the second quarter valued at about $27,000. Finally, Dunhill Financial LLC raised its position in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors 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.