T-Mobile US (NASDAQ:TMUS) Reaches New 52-Week High – Here’s Why

T-Mobile US, Inc. (NASDAQ:TMUS) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $242.55 and last traded at $242.55, with a volume of 17429 shares. The stock had previously closed at $240.88.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TMUS shares. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Scotiabank lifted their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Evercore ISI boosted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Stock Up 0.5 %

The company has a market capitalization of $280.99 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.22 and a beta of 0.50. The business’s fifty day moving average price is $214.22 and its 200 day moving average price is $191.62. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter last year, the company earned $1.82 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.45%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity

In related news, Director Raul Marcelo Claure sold 9,586 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the completion of the sale, the director now owns 1,940,792 shares in the company, valued at $382,258,392.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Raul Marcelo Claure sold 9,586 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the sale, the director now directly owns 1,940,792 shares in the company, valued at $382,258,392.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now owns 119,687 shares in the company, valued at approximately $24,571,741.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 464,924 shares of company stock worth $97,427,925. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of institutional investors have recently bought and sold shares of the business. Bleakley Financial Group LLC boosted its position in shares of T-Mobile US by 1.0% during the first quarter. Bleakley Financial Group LLC now owns 8,837 shares of the Wireless communications provider’s stock worth $1,442,000 after purchasing an additional 86 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in T-Mobile US by 5.5% during the first quarter. Kingsview Wealth Management LLC now owns 4,454 shares of the Wireless communications provider’s stock worth $727,000 after acquiring an additional 234 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of T-Mobile US by 1.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 21,079 shares of the Wireless communications provider’s stock worth $3,441,000 after purchasing an additional 334 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of T-Mobile US by 5.6% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 5,763 shares of the Wireless communications provider’s stock worth $941,000 after purchasing an additional 306 shares in the last quarter. Finally, Great Lakes Retirement Inc. boosted its holdings in shares of T-Mobile US by 3.5% in the 1st quarter. Great Lakes Retirement Inc. now owns 8,926 shares of the Wireless communications provider’s stock valued at $1,457,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.