T-Mobile US (NASDAQ:TMUS) Sets New 12-Month High – Still a Buy?

T-Mobile US, Inc. (NASDAQ:TMUS) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $210.35 and last traded at $209.66, with a volume of 108695 shares traded. The stock had previously closed at $208.33.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Tigress Financial raised their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. TD Cowen raised their price target on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer raised their price target on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Finally, Benchmark raised their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Nineteen 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 presently has an average rating of “Buy” and a consensus target price of $216.36.

T-Mobile US Stock Up 1.4 %

The business’s 50 day moving average is $198.09 and its 200-day moving average is $179.91. The stock has a market cap of $247.58 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.07 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.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the company earned $1.86 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, sell-side analysts predict that T-Mobile US, Inc. will post 9.13 EPS 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. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.67%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

Insider Activity at T-Mobile US

In related news, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total value of $1,888,058.56. Following the sale, the director now owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the sale, the director now directly owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 306,492 shares of company stock valued at $60,161,906. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WASHINGTON TRUST Co raised its holdings in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US during the 2nd quarter worth $27,000. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the 2nd quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of T-Mobile US during the 2nd quarter worth $30,000. Finally, Westside Investment Management Inc. raised its holdings in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the period. 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.