T-Mobile US (NASDAQ:TMUS) Price Target Raised to $254.00 at Citigroup

T-Mobile US (NASDAQ:TMUS) had its target price boosted by Citigroup from $210.00 to $254.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the Wireless communications provider’s stock.

A number of other equities research analysts have also recently commented on TMUS. Wells Fargo & Company increased their price target on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Benchmark increased their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Morgan Stanley boosted their target price on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Finally, Evercore ISI boosted their price objective on shares of T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. One analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $219.94.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $222.77 on Monday. T-Mobile US has a one year low of $136.92 and a one year high of $223.91. The company has a market capitalization of $261.05 billion, a PE ratio of 30.31, a P/E/G ratio of 1.12 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The company has a 50-day simple moving average of $203.79 and a two-hundred day simple moving average of $183.77.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.86 earnings per share. Research analysts expect that T-Mobile US will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is 47.89%.

Insider Buying and Selling

In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 349,261 shares of company stock valued at $69,411,130. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in shares of T-Mobile US in the first quarter valued at about $1,908,000. CFO4Life Group LLC purchased a new stake in T-Mobile US during the 1st quarter worth approximately $932,000. NewEdge Advisors LLC raised its holdings in shares of T-Mobile US by 13.6% during the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after acquiring an additional 25,217 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of T-Mobile US by 26.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after acquiring an additional 4,253 shares in the last quarter. Finally, Findlay Park Partners LLP lifted its position in shares of T-Mobile US by 6.0% in the first quarter. Findlay Park Partners LLP now owns 1,882,607 shares of the Wireless communications provider’s stock valued at $307,279,000 after acquiring an additional 107,100 shares in the last quarter. Institutional investors and hedge funds 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.