T-Mobile US (NASDAQ:TMUS) Shares Gap Up to $188.76

T-Mobile US, Inc. (NASDAQ:TMUS)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $188.76, but opened at $193.17. T-Mobile US shares last traded at $187.36, with a volume of 255,038 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have commented on TMUS shares. Citigroup upped their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. Royal Bank of Canada increased their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, KeyCorp raised their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and a consensus price target of $196.75.

T-Mobile US Stock Up 0.2 %

The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84. The stock has a market capitalization of $221.92 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. The stock’s fifty day simple moving average is $178.68 and its two-hundred day simple moving average is $168.40.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the previous year, the company earned $1.86 EPS. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, research analysts expect that T-Mobile US, Inc. will post 9.05 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.37%. T-Mobile US’s payout ratio is 35.37%.

Insiders Place Their Bets

In other T-Mobile US news, insider Jon Freier sold 20,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total transaction of $3,287,600.00. Following the transaction, the insider now owns 172,628 shares in the company, valued at $28,376,590.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at $1,114,995.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jon Freier sold 20,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total transaction of $3,287,600.00. Following the transaction, the insider now owns 172,628 shares of the company’s stock, valued at approximately $28,376,590.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,640,448 shares of company stock worth $623,942,587. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMUS. Norges Bank purchased a new stake in shares of T-Mobile US in the fourth quarter worth about $3,338,708,000. Wellington Management Group LLP lifted its holdings 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. Putnam Investments LLC lifted its holdings in shares of T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after buying an additional 1,682,743 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of T-Mobile US by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after buying an additional 578,348 shares in the last quarter. Institutional investors 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.