T-Mobile US (NASDAQ:TMUS) Share Price Breaks Above Fifty Day Moving Average – Here’s What Happened

T-Mobile US, Inc. (NASDAQ:TMUS) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $164.71 and traded as high as $169.26. T-Mobile US shares last traded at $168.71, with a volume of 7,257,438 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of T-Mobile US in a research report on Friday, September 11th. KeyCorp decreased their price target on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research report on Monday, September 28th. Royal Bank Of Canada dropped their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Finally, TD Cowen dropped their price objective on T-Mobile US from $260.00 to $258.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.13.

T-Mobile US Trading Up 1.8%

The business’s 50-day moving average price is $164.28 and its 200 day moving average price is $185.96. The company has a market cap of $182.36 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.98 and a beta of 0.40. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.33. The company had revenue of $23.58 billion for the quarter, compared to analyst estimates of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. T-Mobile US’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 EPS. As a group, analysts expect that T-Mobile US, Inc. will post 11.50 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. The ex-dividend date is Wednesday, November 25th. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.7%. T-Mobile US’s dividend payout ratio is 39.38%.

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Patron Partners LLC bought a new position in T-Mobile US during the third quarter worth $1,034,000. Advisors Asset Management Inc. bought a new position in shares of T-Mobile US in the third quarter valued at about $55,851,000. Westpac Banking Corp lifted its stake in shares of T-Mobile US by 169.6% during the 3rd quarter. Westpac Banking Corp now owns 9,948 shares of the Wireless communications provider’s stock worth $1,622,000 after buying an additional 6,258 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of T-Mobile US by 82.0% during the 3rd quarter. Private Advisor Group LLC now owns 20,717 shares of the Wireless communications provider’s stock worth $3,379,000 after buying an additional 9,333 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of T-Mobile US by 33.4% during the 3rd quarter. Ieq Capital LLC now owns 131,910 shares of the Wireless communications provider’s stock worth $21,512,000 after buying an additional 33,018 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Company Profile

T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.