T-Mobile US (NASDAQ:TMUS) Upgraded by Wells Fargo & Company to Overweight Rating

Wells Fargo & Company upgraded shares of T-Mobile US (NASDAQ:TMUS) from an equal weight rating to an overweight rating in a report released on Thursday, MarketBeat.com reports. The brokerage currently has $260.00 price target on the Wireless communications provider’s stock, up from their prior price target of $250.00.

Other equities research analysts also recently issued research reports about the stock. BNP Paribas Exane lifted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target on the stock. Bank of America assumed coverage on shares of T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research note on Wednesday, October 8th. Finally, Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.17.

T-Mobile US Stock Down 0.1%

TMUS opened at $226.45 on Thursday. The stock has a market capitalization of $254.85 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.55 and a beta of 0.59. T-Mobile US has a 1-year low of $208.39 and a 1-year high of $276.49. The business has a 50 day moving average of $242.27 and a 200-day moving average of $241.96. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the company earned $2.49 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. T-Mobile US’s dividend payout ratio (DPR) is 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $226.15, for a total value of $14,569,939.90. Following the completion of the sale, the director directly owned 627,846,473 shares in the company, valued at approximately $141,987,479,868.95. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 2,348,493 shares of company stock valued at $568,431,000 in the last three months. Company insiders own 0.37% of the company’s stock.

Institutional Trading of T-Mobile US

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Castle Rock Wealth Management LLC increased its stake in shares of T-Mobile US by 17.3% in the third quarter. Castle Rock Wealth Management LLC now owns 5,731 shares of the Wireless communications provider’s stock valued at $1,321,000 after buying an additional 846 shares in the last quarter. Ellsworth Advisors LLC increased its stake in shares of T-Mobile US by 2.7% in the third quarter. Ellsworth Advisors LLC now owns 25,550 shares of the Wireless communications provider’s stock valued at $5,791,000 after buying an additional 670 shares in the last quarter. Nvwm LLC increased its stake in shares of T-Mobile US by 3.8% in the third quarter. Nvwm LLC now owns 2,652 shares of the Wireless communications provider’s stock valued at $635,000 after buying an additional 98 shares in the last quarter. Regent Peak Wealth Advisors LLC acquired a new stake in shares of T-Mobile US in the third quarter valued at $303,000. Finally, Trust Co. of Toledo NA OH increased its stake in shares of T-Mobile US by 20.2% in the third quarter. Trust Co. of Toledo NA OH now owns 1,931 shares of the Wireless communications provider’s stock valued at $462,000 after buying an additional 324 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

About T-Mobile US

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.