T-Mobile US (NASDAQ:TMUS) Stock Keeps “Neutral” Rating at Sanford C. Bernstein

Sanford C. Bernstein restated their neutral rating on shares of T-Mobile US (NASDAQ:TMUS) in a research note published on Monday.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their price target on T-Mobile US from $275.00 to $260.00 and set an “overweight” rating on the stock in a research note on Monday, September 21st. Barclays lowered their price objective on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Monday, July 6th. Morgan Stanley reduced their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company decreased their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $249.48.

T-Mobile US Stock Up 0.6%

TMUS stock opened at $166.45 on Monday. T-Mobile US has a fifty-two week low of $161.14 and a fifty-two week high of $240.95. The business’s 50 day moving average price is $178.02 and its two-hundred day moving average price is $187.22. 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 company has a market capitalization of $178.55 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.84 EPS. As a group, analysts forecast that T-Mobile US will post 10.82 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a $1.17 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 annualized dividend and a dividend yield of 2.8%. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is presently 42.72%.

Insider Transactions at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. Lansforsakringar Fondforvaltning AB publ raised its holdings in T-Mobile US by 14.6% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock valued at $39,354,000 after acquiring an additional 23,836 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its position in shares of T-Mobile US by 34.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after acquiring an additional 15,495 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in T-Mobile US by 32.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock valued at $62,370,000 after purchasing an additional 72,922 shares during the period. Liontrust Investment Partners LLP lifted its holdings in T-Mobile US by 46.0% in the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock worth $12,056,000 after purchasing an additional 18,075 shares in the last quarter. Finally, Entropy Technologies LP grew its holdings in T-Mobile US by 105.9% during the 4th quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider’s stock valued at $7,333,000 after buying an additional 18,573 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

About T-Mobile US

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.