Verdence Capital Advisors LLC increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 187.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,390 shares of the Wireless communications provider’s stock after purchasing an additional 4,817 shares during the period. Verdence Capital Advisors LLC’s holdings in T-Mobile US were worth $1,205,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of T-Mobile US in the 2nd quarter worth $6,625,275,000. Bank of New York Mellon Corp purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at about $839,194,000. Amundi raised its position in shares of T-Mobile US by 40.6% during the 1st quarter. Amundi now owns 3,679,795 shares of the Wireless communications provider’s stock valued at $772,867,000 after buying an additional 1,062,643 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at about $758,977,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of T-Mobile US by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock valued at $683,731,000 after acquiring an additional 43,783 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.
T-Mobile US Stock Up 0.9%
Shares of NASDAQ:TMUS opened at $148.08 on Thursday. The business’s 50 day moving average is $168.32 and its 200 day moving average is $187.39. The stock has a market cap of $158.84 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 0.91 and a beta of 0.33. T-Mobile US, Inc. has a 52-week low of $143.75 and a 52-week high of $224.75. 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 (NASDAQ:TMUS – Get Free Report) last issued its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The business had revenue of $23.58 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the company posted $2.41 EPS. T-Mobile US’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that T-Mobile US, Inc. will post 11.17 EPS for the current year.
T-Mobile US Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $1.17 dividend. The ex-dividend date is Wednesday, November 25th. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a dividend yield of 3.2%. T-Mobile US’s dividend payout ratio is presently 42.72%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. KeyCorp dropped their price target on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Raymond James Financial upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research report on Monday, October 12th. Wolfe Research lowered T-Mobile US from an “outperform” rating to a “peer perform” rating in a research note on Friday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. Finally, Barclays dropped their target price on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $242.21.
Get Our Latest Research Report on T-Mobile US
Key T-Mobile US News
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: Q3 results exceeded expectations. T-Mobile reported adjusted earnings of $3.22 per share versus analyst estimates near $2.86–$2.89, while revenue reached $23.58 billion compared with expectations of $23.15 billion. Earnings increased from $2.59 per share a year earlier. T-Mobile Q3 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Cash-flow outlook improved. Management raised its full-year free-cash-flow forecast, helped by stronger profitability and traction for premium plans. This supports the company’s capacity for debt reduction, investment and shareholder returns. T-Mobile raises annual free cash flow forecast
- Positive Sentiment: Customer trends remained favorable. T-Mobile added more customer accounts than analysts expected, with postpaid growth, higher average revenue per account and effective loyalty offers supporting service revenue and earnings growth. T-Mobile Boosts Profit, Accounts as Network and Offers Resonate
- Positive Sentiment: New T-Mix plans could strengthen competitiveness. The customizable plans allow customers to select bundled streaming, gaming and other benefits, potentially improving retention and broadening appeal. T-Mobile introduces T-Mix plans
- Neutral Sentiment: Guidance was mixed. The company raised some full-year forecasts, but its postpaid account-addition outlook was placed around the midpoint of its prior range and its profit forecast was narrowed, leaving investors with less evidence of accelerating growth. T-Mobile Profit, Revenue Rise on Postpaid Growth
- Negative Sentiment: Merger uncertainty remains an overhang. Deutsche Telekom was reportedly slowing or reconsidering a major T-Mobile merger, reducing near-term expectations for a transformative transaction and related strategic benefits. Deutsche Telekom reportedly hits brakes on merger
Insider Buying and Selling at T-Mobile US
In related news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by insiders.
About T-Mobile US
T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.
The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.
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