T-Mobile US (NASDAQ:TMUS) Hits New 1-Year High Following Dividend Announcement

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report)'s share price hit a new 52-week high on Friday after the company announced a dividend. The company traded as high as $248.50 and last traded at $248.21, with a volume of 5256 shares changing hands. The stock had previously closed at $247.17.

The newly announced dividend which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. T-Mobile US's dividend payout ratio is currently 36.40%.

Analysts Set New Price Targets

TMUS has been the topic of a number of research analyst reports. Daiwa America upgraded T-Mobile US to a "hold" rating in a research note on Friday, October 25th. The Goldman Sachs Group upped their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. TD Cowen increased their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Citigroup increased their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Sanford C. Bernstein began coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $251.79.

T-Mobile US Trading Down 0.4 %

The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock's 50 day moving average price is $225.96 and its 200-day moving average price is $215.70. The stock has a market capitalization of $281.14 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were 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 in the company, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO G Michael Sievert sold 20,000 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,100 shares of company stock worth $5,501,978. Company insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently bought and sold shares of the business. DT Investment Partners LLC raised its holdings 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 valued at $25,000 after acquiring an additional 47 shares during the last quarter. Dunhill Financial LLC raised its position 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 buying an additional 56 shares during the period. MFA Wealth Advisors LLC raised its position in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 77 shares during the period. Financial Life Planners purchased a new stake in T-Mobile US in the 4th quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of T-Mobile US in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 42.49% of the company's stock.

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.