Oppenheimer Raises T-Mobile US (NASDAQ:TMUS) Price Target to $215.00

T-Mobile US (NASDAQ:TMUS) had its target price lifted by Oppenheimer from $200.00 to $215.00 in a research note published on Thursday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the Wireless communications provider’s stock.

Several other analysts also recently issued reports on TMUS. StockNews.com raised shares of T-Mobile US from a hold rating to a buy rating in a report on Tuesday, July 30th. Scotiabank raised their price target on T-Mobile US from $194.50 to $197.00 and gave the company a sector outperform rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on T-Mobile US from $200.00 to $230.00 and gave the stock an overweight rating in a research note on Thursday, September 12th. Barclays increased their target price on T-Mobile US from $180.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, August 1st. Finally, KeyCorp lifted their price target on T-Mobile US from $190.00 to $230.00 and gave the stock an overweight rating in a research report on Monday, September 16th. Eighteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Buy and an average price target of $211.92.

T-Mobile US Stock Performance

Shares of TMUS opened at $199.44 on Thursday. The firm has a market cap of $233.71 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The company’s fifty day moving average is $192.29 and its 200-day moving average is $176.60. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US has a 12 month low of $135.82 and a 12 month high of $206.30.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts expect that T-Mobile US will post 9.18 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is 35.37%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the transaction, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the transaction, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the sale, the insider now owns 122,687 shares in the company, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Insiders have sold a total of 573,414 shares of company stock valued at $107,147,801 over the last quarter. 0.67% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of T-Mobile US by 200.0% in 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 buying an additional 4,241,877 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after buying an additional 303,582 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in T-Mobile US by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after buying an additional 184,059 shares in the last quarter. Finally, Putnam Investments LLC grew its holdings in T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares during the last quarter. Institutional investors and hedge funds 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.