T-Mobile US (NASDAQ:TMUS) Cut to Outperform at Raymond James

Raymond James lowered shares of T-Mobile US (NASDAQ:TMUS) from a strong-buy rating to an outperform rating in a report published on Wednesday morning, Marketbeat Ratings reports. Raymond James currently has $221.00 target price on the Wireless communications provider’s stock, up from their previous target price of $208.00.

Several other research firms also recently commented on TMUS. Sanford C. Bernstein upgraded T-Mobile US to a strong-buy rating in a report on Wednesday, July 31st. TD Cowen boosted their price objective on T-Mobile US from $202.00 to $216.00 and gave the company a buy rating in a research report on Thursday, August 1st. Benchmark increased their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a buy rating in a research note on Friday, September 20th. Evercore ISI lifted their target price on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an outperform rating in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a buy rating and a $200.00 price target for the company. Nineteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Buy and an average target price of $216.36.

T-Mobile US Stock Up 0.1 %

TMUS opened at $208.28 on Wednesday. The business’s fifty day simple moving average is $197.46 and its 200 day simple moving average is $179.45. T-Mobile US has a 52 week low of $136.84 and a 52 week high of $209.26. 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 stock has a market cap of $244.07 billion, a PE ratio of 28.34, a P/E/G ratio of 1.07 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $19.61 billion. During the same period last year, the firm posted $1.86 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, research analysts expect that T-Mobile US will post 9.13 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company 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 dividend of $0.88 per share. 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. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 47.89%.

Insiders Place Their Bets

In related news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now directly owns 119,687 shares in the company, valued at $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares in the company, valued at $24,571,741.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 306,492 shares of company stock worth $60,161,906. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB grew its stake in shares of T-Mobile US by 12.5% in the third quarter. Handelsbanken Fonder AB now owns 189,295 shares of the Wireless communications provider’s stock worth $39,063,000 after acquiring an additional 21,084 shares during the last quarter. Czech National Bank boosted its stake in T-Mobile US by 1.6% in the 3rd quarter. Czech National Bank now owns 99,828 shares of the Wireless communications provider’s stock worth $20,601,000 after purchasing an additional 1,572 shares in the last quarter. Central Pacific Bank Trust Division grew its position in T-Mobile US by 24.8% during the 3rd quarter. Central Pacific Bank Trust Division now owns 12,115 shares of the Wireless communications provider’s stock valued at $2,500,000 after purchasing an additional 2,405 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in T-Mobile US during the 3rd quarter valued at about $218,000. Finally, Neville Rodie & Shaw Inc. raised its holdings in T-Mobile US by 30.3% in the third quarter. Neville Rodie & Shaw Inc. now owns 36,790 shares of the Wireless communications provider’s stock worth $7,592,000 after buying an additional 8,565 shares during the last quarter. 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.