Wells Fargo & Company Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $169.00

T-Mobile US (NASDAQ:TMUS) had its target price reduced by Wells Fargo & Company from $170.00 to $169.00 in a research report released on Friday,Benzinga reports. They currently have an equal weight rating on the Wireless communications provider’s stock.

Several other equities analysts have also issued reports on TMUS. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Benchmark lowered their target price on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday. Barclays dropped their target price on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday. Arete Research lifted their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, KeyCorp reduced their price target on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $252.88.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $180.09 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US has a 1-year low of $165.66 and a 1-year high of $261.56. The company has a 50-day moving average of $184.53 and a 200 day moving average of $195.62. The firm has a market cap of $193.18 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.06 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the firm posted $2.84 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that T-Mobile US will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% 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 the stock. Main Street Group LTD acquired a new stake in shares of T-Mobile US during the first quarter worth $25,000. JDM Financial Group LLC grew its holdings in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Swiss RE Ltd. acquired a new position in shares of T-Mobile US in the 4th quarter valued at $29,000. Turning Point Benefit Group Inc. increased its position in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares during the period. Finally, Sachetta LLC raised its stake in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

T-Mobile US Company Profile

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.