TD Cowen Trims T-Mobile US (NASDAQ:TMUS) Target Price to $202.00

T-Mobile US (NASDAQ:TMUS) had its price target decreased by TD Cowen from $204.00 to $202.00 in a research report report published on Friday morning, Benzinga reports. TD Cowen currently has a buy rating on the Wireless communications provider’s stock.

Several other brokerages have also recently commented on TMUS. Tigress Financial increased their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Benchmark restated a buy rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Friday, January 26th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an outperform rating in a research report on Friday. Oppenheimer reaffirmed an outperform rating and set a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, KeyCorp lifted their target price on T-Mobile US from $175.00 to $185.00 and gave the company an overweight rating in a research note on Friday. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $186.33.

T-Mobile US Trading Down 0.1 %

NASDAQ:TMUS opened at $163.96 on Friday. T-Mobile US has a one year low of $124.92 and a one year high of $168.64. The business’s 50-day simple moving average is $162.51 and its 200 day simple moving average is $156.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market cap of $194.60 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 0.68 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.45% and a net margin of 11.15%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 EPS. As a group, sell-side analysts predict that T-Mobile US will post 8.83 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is currently 35.37%.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $163.26, for a total value of $30,965,524.20. Following the completion of the sale, the director now owns 678,107,041 shares of the company’s stock, valued at $110,707,755,513.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $163.26, for a total value of $30,965,524.20. Following the completion of the sale, the director now directly owns 678,107,041 shares of the company’s stock, valued at approximately $110,707,755,513.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the transaction, the insider now owns 102,555 shares in the company, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,180,319 shares of company stock valued at $1,002,629,987. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TMUS. Norges Bank bought a new position in shares of T-Mobile US during the 4th quarter valued at about $3,338,708,000. Wellington Management Group LLP lifted its stake in T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in T-Mobile US by 243.9% during the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after buying an additional 2,071,489 shares in the last quarter. Putnam Investments LLC grew its position in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after buying an additional 1,682,743 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after buying an additional 1,190,813 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

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.