T-Mobile US (NASDAQ:TMUS) Sets New 12-Month High – Here’s What Happened

T-Mobile US, Inc. (NASDAQ:TMUS) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $259.59 and last traded at $255.28, with a volume of 3219067 shares trading hands. The stock had previously closed at $258.70.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Oppenheimer raised their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. UBS Group upped their price objective on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley assumed coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price on the stock. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Finally, Bank of America boosted their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Trading Up 2.2 %

The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market cap of $309.21 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. The firm has a 50-day moving average price of $227.12 and a 200 day moving average price of $217.72.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.30%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the transaction, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,100 shares of company stock valued at $747,378. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after acquiring an additional 602,786 shares during the period. FMR LLC grew its stake in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock valued at $2,610,542,000 after purchasing an additional 90,755 shares during the period. Invesco Ltd. raised its stake in shares of T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock valued at $1,944,503,000 after purchasing an additional 384,956 shares in the last quarter. Finally, Norges Bank acquired a new stake in T-Mobile US in the fourth quarter worth about $1,802,393,000. Institutional investors and hedge funds 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.