T-Mobile US (NASDAQ:TMUS) Hits New 1-Year High at $183.79

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $183.79 and last traded at $182.68, with a volume of 449215 shares traded. The stock had previously closed at $181.75.

Wall Street Analyst Weigh In

TMUS has been the subject of several research analyst reports. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, May 29th. The Goldman Sachs Group started coverage on T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. Bank of America boosted their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup increased their target price on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Royal Bank of Canada raised their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Buy” and an average price target of $190.79.

T-Mobile US Price Performance

The business’s 50 day moving average price is $174.08 and its 200-day moving average price is $166.60. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The company has a market cap of $215.10 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 0.71 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same period last year, the firm earned $1.58 earnings per share. The company’s revenue was down .2% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is currently 35.37%.

Insiders Place Their Bets

In other T-Mobile US news, CFO Peter Osvaldik sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $180.98, for a total transaction of $1,809,800.00. Following the completion of the sale, the chief financial officer now owns 81,307 shares in the company, valued at $14,714,940.86. 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, Director Telekom Ag Deutsche sold 227,604 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $180.75, for a total value of $41,139,423.00. Following the sale, the director now directly owns 672,113,469 shares of the company’s stock, valued at $121,484,509,521.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Peter Osvaldik sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $180.98, for a total transaction of $1,809,800.00. Following the transaction, the chief financial officer now directly owns 81,307 shares of the company’s stock, valued at approximately $14,714,940.86. The disclosure for this sale can be found here. Insiders have sold a total of 5,337,478 shares of company stock valued at $901,206,222 in the last quarter. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds have recently added to or reduced their stakes in the business. Strategic Investment Advisors MI acquired a new position in T-Mobile US during the 4th quarter valued at about $330,000. Marcum Wealth LLC bought a new stake in T-Mobile US during the fourth quarter worth approximately $343,000. Dynamic Advisor Solutions LLC lifted its position in T-Mobile US by 45.4% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,896 shares of the Wireless communications provider’s stock worth $800,000 after purchasing an additional 1,529 shares during the period. Raymond James Trust N.A. boosted its stake in T-Mobile US by 30.7% during the 4th quarter. Raymond James Trust N.A. now owns 21,571 shares of the Wireless communications provider’s stock valued at $3,458,000 after purchasing an additional 5,067 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of T-Mobile US in the 4th quarter worth $2,875,000. Institutional investors 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.