T-Mobile US (NASDAQ:TMUS) Given "Buy" Rating at Benchmark

Benchmark restated their buy rating on shares of T-Mobile US (NASDAQ:TMUS - Free Report) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $255.00 target price on the Wireless communications provider's stock.

A number of other equities analysts have also recently issued reports on TMUS. Daiwa America raised T-Mobile US to a "hold" rating in a report on Friday, October 25th. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research report on Friday, October 25th. TD Cowen raised their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. UBS Group increased their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada downgraded T-Mobile US from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $255.00 to $240.00 in a report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and an average target price of $245.74.

T-Mobile US Price Performance

NASDAQ:TMUS traded down $0.27 on Tuesday, hitting $221.16. The company had a trading volume of 3,968,326 shares, compared to its average volume of 3,727,957. T-Mobile US has a 52 week low of $158.84 and a 52 week high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $256.66 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.08 and a beta of 0.56. The firm has a 50 day moving average of $226.61 and a two-hundred day moving average of $212.37.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. T-Mobile US's dividend payout ratio (DPR) is currently 40.14%.

Insiders Place Their Bets

In related news, CEO G Michael Sievert sold 20,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares of the company's stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,200 shares of company stock valued at $32,736,303. Corporate insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DT Investment Partners LLC boosted its stake in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 47 shares in the last quarter. Dunhill Financial LLC grew its holdings in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. MFA Wealth Advisors LLC raised its position in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 77 shares during the period. Financial Life Planners bought a new stake in T-Mobile US in the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the third quarter valued at about $34,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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.