Brokerages Set T-Mobile US, Inc. (NASDAQ:TMUS) Target Price at $257.30

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have earned an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $257.3043.

Several research firms have commented on TMUS. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research note on Thursday, February 19th. TD Cowen lowered their target price on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, KeyCorp raised shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $210.82 on Friday. The business’s 50 day moving average price is $207.20 and its 200-day moving average price is $211.91. T-Mobile US has a fifty-two week low of $181.36 and a fifty-two week high of $272.60. The company has a market cap of $232.29 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.38 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.02%.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the sale, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This represents a 34.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 694,134 shares of company stock worth $150,847,799 over the last quarter. 0.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Howard Hughes Medical Institute bought a new position in T-Mobile US in the 2nd quarter worth about $25,000. United Community Bank boosted its holdings in shares of T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. JDM Financial Group LLC boosted its holdings in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Elevation Wealth Partners LLC grew its stake in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares in the last quarter. Finally, Swiss RE Ltd. bought a new position in T-Mobile US in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.