T-Mobile US (NASDAQ:TMUS) Price Target Increased to $239.00 by Analysts at Morgan Stanley

T-Mobile US (NASDAQ:TMUS) had its price target raised by Morgan Stanley from $209.00 to $239.00 in a report published on Tuesday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the Wireless communications provider’s stock.

Several other equities research analysts have also recently commented on TMUS. Wells Fargo & Company boosted their price target on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Bank of America increased their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Scotiabank boosted their price target on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $241.83.

T-Mobile US Stock Performance

Shares of TMUS opened at $226.05 on Tuesday. T-Mobile US has a 52-week low of $139.47 and a 52-week high of $234.56. The firm has a market capitalization of $264.90 billion, a PE ratio of 30.76, a P/E/G ratio of 1.15 and a beta of 0.51. The firm has a 50-day moving average price of $207.32 and a 200 day moving average price of $186.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. On average, sell-side analysts anticipate that T-Mobile US will post 9.22 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. T-Mobile US’s payout ratio is presently 47.89%.

Insider Activity

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 369,261 shares of company stock valued at $74,082,130. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently made changes to their positions in TMUS. Vanguard Group Inc. increased its stake in T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after acquiring an additional 1,667,778 shares during the period. Legal & General Group Plc boosted its holdings in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after purchasing an additional 303,582 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of T-Mobile US by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after purchasing an additional 184,059 shares during the period. Clearbridge Investments LLC raised its holdings in shares of T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after buying an additional 578,348 shares in the last quarter. Finally, Boston Partners lifted its position in shares of T-Mobile US by 1.1% during the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after buying an additional 28,045 shares during the period. Institutional investors and hedge funds 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.