Wolfe Research Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $253.00

T-Mobile US (NASDAQ:TMUS) had its target price decreased by Wolfe Research from $290.00 to $253.00 in a research report report published on Monday morning,MarketScreener reports. Wolfe Research currently has an outperform rating on the Wireless communications provider’s stock.

TMUS has been the subject of several other research reports. Daiwa Capital Markets dropped their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Barclays lowered their price target on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Argus dropped their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research note on Monday. Finally, Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $262.17.

T-Mobile US Price Performance

T-Mobile US stock opened at $199.38 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The company’s fifty day moving average price is $212.03 and its 200 day moving average price is $229.71. The stock has a market capitalization of $223.01 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.27 and a beta of 0.44. T-Mobile US has a 1 year low of $194.01 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the company earned $2.61 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the transaction, the director owned 634,241,492 shares in the company, valued at approximately $151,571,031,758.16. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 1,043,868 shares of company stock worth $238,762,618. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its stake in T-Mobile US by 14.2% during the 2nd quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after buying an additional 810 shares during the period. NorthCrest Asset Manangement LLC bought a new stake in shares of T-Mobile US in the second quarter worth about $284,000. Berkshire Bank increased its holdings 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 acquiring an additional 1,400 shares in the last quarter. Associated Banc Corp raised its position in shares of T-Mobile US by 50.6% during the second quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock worth $6,172,000 after purchasing an additional 8,700 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its holdings in shares of T-Mobile US by 930.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock valued at $46,524,000 after purchasing an additional 176,319 shares in the last quarter. 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.