T-Mobile US (NASDAQ:TMUS) Sets New 1-Year Low – Here’s What Happened

T-Mobile US, Inc. (NASDAQ:TMUS)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $184.01 and last traded at $184.8550, with a volume of 414708 shares traded. The stock had previously closed at $186.32.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, December 19th. BNP Paribas Exane cut their target price on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday. Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Sanford C. Bernstein dropped their price target on T-Mobile US from $265.00 to $245.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Finally, Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.76.

T-Mobile US Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a market cap of $207.39 billion, a P/E ratio of 17.83, a PEG ratio of 1.02 and a beta of 0.45. The business’s 50 day simple moving average is $202.40 and its 200 day simple moving average is $223.79.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the prior year, the company posted $2.61 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the transaction, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Srini Gopalan bought 9,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the purchase, the chief executive officer directly owned 90,258 shares in the company, valued at $18,215,869.56. This trade represents a 12.18% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 270,767 shares of company stock valued at $59,921,239. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP lifted its position in shares of T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after purchasing an additional 810 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in shares of T-Mobile US during the second quarter worth $284,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of T-Mobile US by 7.8% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock valued at $49,014,000 after acquiring an additional 14,800 shares in the last quarter. Associated Banc Corp boosted its holdings in T-Mobile US by 50.6% in the second quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock valued at $6,172,000 after purchasing an additional 8,700 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its holdings in T-Mobile US by 930.5% in the second quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock valued at $46,524,000 after purchasing an additional 176,319 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.