T-Mobile US (NASDAQ:TMUS) Sets New 1-Year High After Dividend Announcement

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) reached a new 52-week high on Friday following a dividend announcement from the company. The stock traded as high as $248.50 and last traded at $248.21, with a volume of 5256 shares traded. The stock had previously closed at $247.17.

The newly announced dividend which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.41%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Analysts Set New Price Targets

Several research firms have issued reports on TMUS. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. The Goldman Sachs Group raised their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays raised their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada raised their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Finally, Daiwa America raised shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

T-Mobile US Trading Up 0.8 %

The company’s 50 day simple moving average is $225.97 and its 200-day simple moving average is $214.95. The firm has a market cap of $289.14 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.38 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, research analysts predict that T-Mobile US, Inc. will post 10.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,100 shares of company stock worth $5,501,978 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Dunhill Financial LLC boosted its holdings in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. MFA Wealth Advisors LLC increased its holdings in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares in the last quarter. Financial Life Planners purchased a new position in shares of T-Mobile US in the 4th quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the 3rd quarter worth approximately $34,000. 42.49% of the stock is 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.