Tigress Financial Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $235.00

T-Mobile US (NASDAQ:TMUS) had its price target upped by Tigress Financial from $205.00 to $235.00 in a research report released on Monday, Benzinga reports. Tigress Financial currently has a buy rating on the Wireless communications provider’s stock.

TMUS has been the subject of several other research reports. Bank of America lifted their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a buy rating in a research note on Monday, June 10th. Benchmark lifted their price target on T-Mobile US from $200.00 to $220.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Sanford C. Bernstein raised T-Mobile US to a strong-buy rating in a research note on Wednesday, July 31st. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Monday, July 1st. They set a buy rating and a $200.00 price target for the company. Finally, Barclays lifted their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has a consensus rating of Buy and a consensus price target of $198.63.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $196.49 on Monday. The firm has a market capitalization of $230.26 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 0.76 and a beta of 0.51. T-Mobile US has a 52-week low of $131.47 and a 52-week high of $197.03. The stock has a fifty day moving average of $181.07 and a 200 day moving average of $169.67. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.86 earnings per share. On average, research analysts expect that T-Mobile US will post 9.05 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.32%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $163.64, for a total transaction of $31,037,598.80. Following the transaction, the director now owns 675,261,991 shares in the company, valued at approximately $110,499,872,207.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now owns 418,124 shares in the company, valued at approximately $81,354,386.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $163.64, for a total value of $31,037,598.80. Following the transaction, the director now owns 675,261,991 shares in the company, valued at approximately $110,499,872,207.24. The disclosure for this sale can be found here. Insiders have sold a total of 3,086,875 shares of company stock worth $534,498,332 in the last 90 days. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TMUS. WASHINGTON TRUST Co grew its holdings in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. Private Wealth Management Group LLC bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $27,000. Summit Securities Group LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, Westside Investment Management Inc. boosted its position in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 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.