T-Mobile US (NASDAQ:TMUS) Reaches New 52-Week High – Still a Buy?

T-Mobile US, Inc. (NASDAQ:TMUS) 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 changing hands. The stock had previously closed at $240.88.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research reports. Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their target price on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Oppenheimer upped their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Stock Down 0.9 %

The company has a market cap of $273.42 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.23 and a beta of 0.50. The business has a fifty day moving average of $215.03 and a two-hundred day moving average of $191.94. 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 earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the company posted $1.82 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. T-Mobile US’s dividend payout ratio (DPR) is 29.65%.

Insider Transactions at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock valued at $97,427,925 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Institutional investors and hedge funds have recently bought and sold shares of the company. WASHINGTON TRUST Co grew its position in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. DT Investment Partners LLC grew its holdings in shares of T-Mobile US by 65.3% during the 3rd 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 during the period. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth about $27,000. Y.D. More Investments Ltd purchased a new stake in T-Mobile US in the 2nd quarter valued at about $27,000. Finally, Dunhill Financial LLC lifted its position 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 valued at $27,000 after buying an additional 56 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Company Profile

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.