T-Mobile US (NASDAQ:TMUS) Sets New 52-Week High at $208.36

T-Mobile US, Inc. (NASDAQ:TMUS)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $208.36 and last traded at $208.08, with a volume of 2230629 shares. The stock had previously closed at $206.10.

Analyst Ratings Changes

TMUS has been the topic of a number of recent analyst reports. Benchmark lifted their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Oppenheimer lifted their target price on 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 report on Tuesday, July 30th. Barclays lifted their target price on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Raymond James downgraded T-Mobile US from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $208.00 to $221.00 in a report on Wednesday. Nineteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Buy” and a consensus price target of $216.36.

T-Mobile US Stock Performance

The company has a market cap of $243.84 billion, a PE ratio of 28.20, a PEG ratio of 1.07 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average of $195.52 and a 200-day moving average of $178.59.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, analysts anticipate that T-Mobile US, Inc. will post 9.13 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.69%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 47.89%.

Insiders Place Their Bets

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jon Freier sold 10,000 shares of the stock in a transaction dated 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 approximately $29,577,154.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 303,492 shares of company stock valued at $59,546,006. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Compton Wealth Advisory Group LLC lifted its position in shares of T-Mobile US by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after acquiring an additional 56 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of T-Mobile US by 0.7% during the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock worth $1,468,000 after acquiring an additional 56 shares in the last quarter. Anfield Capital Management LLC lifted its position in shares of T-Mobile US by 18.7% during the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock worth $64,000 after acquiring an additional 57 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of T-Mobile US by 22.6% during the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 58 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of T-Mobile US by 2.3% during the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 64 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other 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.