Waverly Advisors LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 29.5% in the first quarter, HoldingsChannel reports. The fund owned 71,153 shares of the Wireless communications provider’s stock after buying an additional 16,208 shares during the quarter. Waverly Advisors LLC’s holdings in T-Mobile US were worth $14,944,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Epoch Investment Partners Inc. purchased a new stake in shares of T-Mobile US in the first quarter worth approximately $24,827,000. Klingman & Associates LLC grew its position in T-Mobile US by 12.1% during the first quarter. Klingman & Associates LLC now owns 1,662 shares of the Wireless communications provider’s stock valued at $349,000 after purchasing an additional 180 shares in the last quarter. Modern Wealth Management LLC increased its stake in T-Mobile US by 46.6% in the 1st quarter. Modern Wealth Management LLC now owns 5,664 shares of the Wireless communications provider’s stock valued at $1,157,000 after buying an additional 1,800 shares during the period. Liberty One Investment Management LLC increased its stake in T-Mobile US by 44.2% in the 1st quarter. Liberty One Investment Management LLC now owns 25,281 shares of the Wireless communications provider’s stock valued at $5,310,000 after buying an additional 7,746 shares during the period. Finally, Dickmeyer Boyce Financial Management Inc. purchased a new stake in T-Mobile US in the 1st quarter worth approximately $206,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on TMUS. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target on the stock in a report on Wednesday, April 8th. TD Cowen cut their price objective on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday. Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research report on Wednesday, April 29th. UBS Group dropped their target price on T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Finally, Weiss Ratings downgraded T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.88.
T-Mobile US Stock Performance
Shares of TMUS opened at $180.09 on Monday. The firm has a market cap of $193.18 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.06 and a beta of 0.33. The company’s fifty day moving average is $184.53 and its 200-day moving average is $195.62. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.84 EPS. Equities analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s dividend payout ratio is currently 42.72%.
Insider Activity at T-Mobile US
In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jon Freier sold 4,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by company insiders.
Trending Headlines about T-Mobile US
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
- Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
- Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
- Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.
About T-Mobile US
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.
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