T-Mobile US (NASDAQ:TMUS) Price Target Lowered to $235.00 at UBS Group

T-Mobile US (NASDAQ:TMUS) had its target price trimmed by UBS Group from $255.00 to $235.00 in a research report released on Friday,Benzinga reports. The firm currently has a buy rating on the Wireless communications provider’s stock.

Other equities research analysts also recently issued research reports about the company. Barclays lowered their price target on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Arete Research boosted their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Scotiabank cut their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a report on Wednesday, July 15th. Finally, Wells Fargo & Company cut their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Stock Performance

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

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 company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter in the prior year, the company posted $2.84 earnings per share. T-Mobile US’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s dividend payout ratio is presently 42.72%.

Insiders Place Their Bets

In other news, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the insider directly owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently made changes to their positions in the stock. JDM Financial Group LLC boosted its position 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 worth $25,000 after buying an additional 65 shares during the period. Main Street Group LTD acquired a new stake in shares of T-Mobile US during the first quarter worth about $25,000. Swiss RE Ltd. purchased a new position in shares of T-Mobile US in the fourth quarter valued at approximately $29,000. Turning Point Benefit Group Inc. increased its stake in T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 153 shares during the period. Finally, Sachetta LLC boosted its position in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.