T-Mobile US (NASDAQ:TMUS) Reaches New 52-Week High - Here's What Happened

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $259.59 and last traded at $255.28, with a volume of 3219067 shares traded. The stock had previously closed at $258.70.

Analysts Set New Price Targets

A number of analysts have commented on the company. The Goldman Sachs Group lifted their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Raymond James cut shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. KeyCorp lowered shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price for the company. in a research note on Thursday, December 12th. Finally, Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target on the stock. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $251.79.

T-Mobile US Stock Up 2.2 %

The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company's 50-day moving average price is $227.66 and its 200 day moving average price is $218.68. The stock has a market capitalization of $309.21 billion, a P/E ratio of 28.01, 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 quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Andre Almeida purchased 3,808 shares of T-Mobile US stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares of the company's stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $247,190.00. Following the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,100 shares of company stock valued at $747,378. Corporate insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On T-Mobile US

Large investors have recently added to or reduced their stakes in the stock. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% in 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. Dunhill Financial LLC increased its stake 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 purchasing an additional 56 shares during the period. MFA Wealth Advisors LLC lifted its position 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 worth $28,000 after purchasing an additional 77 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in T-Mobile US during the 4th quarter valued at about $28,000. 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.