T-Mobile US (NASDAQ:TMUS) Given New $270.00 Price Target at JPMorgan Chase & Co.

T-Mobile US (NASDAQ:TMUS) had its price target raised by JPMorgan Chase & Co. from $265.00 to $270.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the Wireless communications provider’s stock.

Several other brokerages have also commented on TMUS. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Citigroup lowered T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Sanford C. Bernstein began coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Barclays upped their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.05.

T-Mobile US Stock Up 0.2 %

Shares of NASDAQ:TMUS opened at $260.73 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business has a fifty day moving average of $245.59 and a two-hundred day moving average of $229.56. The stock has a market cap of $297.69 billion, a P/E ratio of 26.96, a PEG ratio of 1.55 and a beta of 0.64. T-Mobile US has a 52-week low of $158.84 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, research analysts expect that T-Mobile US will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TMUS. Principal Financial Group Inc. increased its holdings in shares of T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after acquiring an additional 47,350 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of T-Mobile US by 66.4% in the 3rd quarter. Empowered Funds LLC now owns 17,640 shares of the Wireless communications provider’s stock valued at $3,640,000 after acquiring an additional 7,042 shares during the last quarter. Claro Advisors LLC increased its holdings in shares of T-Mobile US by 26.4% in the 3rd quarter. Claro Advisors LLC now owns 2,195 shares of the Wireless communications provider’s stock valued at $453,000 after acquiring an additional 458 shares during the last quarter. MAI Capital Management increased its holdings in shares of T-Mobile US by 287.5% in the 3rd quarter. MAI Capital Management now owns 40,760 shares of the Wireless communications provider’s stock valued at $8,411,000 after acquiring an additional 30,240 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of T-Mobile US in the 3rd quarter valued at about $643,000. 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.