T-Mobile US (NASDAQ:TMUS) Given “Buy” Rating at Benchmark

Benchmark restated their buy rating on shares of T-Mobile US (NASDAQ:TMUS) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $255.00 price target on the Wireless communications provider’s stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group upped their price target on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Barclays boosted their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. TD Cowen raised their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $221.16 on Tuesday. The firm has a market cap of $256.66 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. The company’s fifty day simple moving average is $226.61 and its two-hundred day simple moving average is $212.37. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US has a 12-month low of $158.84 and a 12-month high of $248.15.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insider Buying and Selling

In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 in the last three months. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently modified their holdings of TMUS. KPP Advisory Services LLC grew its stake in shares of T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after acquiring an additional 45 shares during the period. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of T-Mobile US by 3.7% during the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock valued at $290,000 after purchasing an additional 47 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its position in shares of T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock valued at $284,000 after purchasing an additional 48 shares in the last quarter. Finally, Old North State Trust LLC increased its holdings in shares of T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock worth $751,000 after purchasing an additional 50 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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.