T-Mobile US (NASDAQ:TMUS) Downgraded by Raymond James

Raymond James cut shares of T-Mobile US (NASDAQ:TMUS) from a strong-buy rating to an outperform rating in a research report sent to investors on Wednesday, MarketBeat.com reports. Raymond James currently has $221.00 price target on the Wireless communications provider’s stock, up from their prior price target of $208.00.

Several other research analysts have also recently issued reports on TMUS. Oppenheimer lifted their target price on T-Mobile US from $200.00 to $215.00 and gave the company an outperform rating in a research report on Thursday, September 19th. Benchmark lifted their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a buy rating in a report on Friday, September 20th. Citigroup increased their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the company a buy rating in a report on Friday, July 19th. Evercore ISI boosted their price target on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an outperform rating in a report on Thursday, September 19th. Finally, Scotiabank upped their price objective on shares of T-Mobile US from $197.00 to $215.50 and gave the stock a sector outperform rating in a research report on Thursday, September 19th. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of Buy and an average target price of $216.36.

T-Mobile US Stock Performance

TMUS opened at $208.28 on Wednesday. T-Mobile US has a 1-year low of $136.84 and a 1-year high of $209.26. The company has a market cap of $244.07 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.07 and a beta of 0.51. The company’s fifty day moving average price is $197.46 and its two-hundred day moving average price is $179.32. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 EPS. On average, analysts expect that T-Mobile US will post 9.13 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared 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 represents a $3.52 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is currently 47.89%.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now owns 1,824,632 shares in the company, valued at $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 306,492 shares of company stock valued at $60,161,906. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently modified their holdings of TMUS. Vanguard Group Inc. lifted its stake 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 worth $7,351,811,000 after purchasing an additional 1,667,778 shares in the last quarter. Wellington Management Group LLP raised its position 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 worth $1,020,116,000 after buying an additional 4,241,877 shares in the last quarter. Legal & General Group Plc boosted its stake in T-Mobile US by 6.8% during 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 period. Dimensional Fund Advisors LP grew its position in T-Mobile US by 4.3% during the second 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 increased its stake in T-Mobile US by 74.6% in 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. 42.49% of the stock is currently owned by institutional investors.

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.