T-Mobile US (NASDAQ:TMUS) Sets New 52-Week Low – Here’s Why

T-Mobile US, Inc. (NASDAQ:TMUS) reached a new 52-week low during trading on Friday. The stock traded as low as $160.81 and last traded at $162.92, with a volume of 182049 shares trading hands. The stock had previously closed at $161.73.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. Morgan Stanley reduced their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Moffett Nathanson increased their price target on shares of T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Monday, July 6th. Finally, UBS Group cut their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $248.88.

T-Mobile US Trading Up 0.6%

The stock has a 50 day moving average of $176.73 and a 200-day moving average of $186.11. The company has a market capitalization of $174.52 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter last year, the business earned $2.84 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that T-Mobile US, Inc. will post 11.02 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is 42.72%.

Insider Activity at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of T-Mobile US in the second quarter valued at about $6,625,275,000. State Street Corp grew its position in shares of T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after purchasing an additional 1,047,624 shares in the last quarter. Capital International Investors grew its position in shares of T-Mobile US by 8.2% during the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after purchasing an additional 1,121,409 shares in the last quarter. Invesco Ltd. raised its stake in T-Mobile US by 10.5% during the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after purchasing an additional 827,381 shares during the period. Finally, Franklin Resources Inc. raised its stake in T-Mobile US by 3.6% during the 4th quarter. Franklin Resources Inc. now owns 6,395,890 shares of the Wireless communications provider’s stock valued at $1,298,622,000 after purchasing an additional 222,603 shares during the period. 42.49% of the stock is owned by institutional investors.

About T-Mobile US

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.