Wolfe Research Has Lowered Expectations for T-Mobile US (NASDAQ:TMUS) Stock Price

T-Mobile US (NASDAQ:TMUS) had its target price cut by Wolfe Research from $300.00 to $290.00 in a research report report published on Tuesday morning,MarketScreener reports. They currently have an outperform rating on the Wireless communications provider’s stock.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday. Bank of America started coverage on T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Finally, Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $262.50.

T-Mobile US Trading Down 1.3%

NASDAQ TMUS opened at $230.14 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US has a twelve month low of $206.18 and a twelve month high of $276.49. The firm has a market capitalization of $259.00 billion, a PE ratio of 21.71, a P/E/G ratio of 1.28 and a beta of 0.59. The stock’s 50 day moving average is $244.83 and its 200 day moving average is $244.31.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the company posted $2.49 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Research analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.8%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is presently 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 2,584,633 shares of company stock valued at $623,559,263 in the last three months. 0.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. NorthCrest Asset Manangement LLC purchased a new position in shares of T-Mobile US in the second quarter worth $284,000. Crestwood Advisors Group LLC raised its stake in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 724 shares during the last quarter. Berkshire Bank raised its stake in shares of T-Mobile US by 12.5% in the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after purchasing an additional 1,400 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares during the last quarter. Finally, Fox Hill Wealth Management purchased a new position in shares of T-Mobile US in the second quarter worth $2,603,000. Hedge funds and other 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.