University of Texas Texas AM Investment Management Co. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 7,413.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,607 shares of the Wireless communications provider’s stock after purchasing an additional 45,000 shares during the period. T-Mobile US makes up 0.9% of University of Texas Texas AM Investment Management Co.’s holdings, making the stock its 24th largest position. University of Texas Texas AM Investment Management Co.’s holdings in T-Mobile US were worth $7,438,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in TMUS. BlackRock Inc. acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at about $6,625,275,000. Bank of New York Mellon Corp acquired a new position in shares of T-Mobile US during the second quarter worth about $839,194,000. Bank of America Corp DE acquired a new position in shares of T-Mobile US during the second quarter worth about $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of T-Mobile US by 1.1% during the second 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 worth $683,731,000 after buying an additional 43,783 shares during the period. Finally, Amundi grew its holdings in shares of T-Mobile US by 2.6% during the second quarter. Amundi now owns 3,775,445 shares of the Wireless communications provider’s stock worth $633,255,000 after buying an additional 95,650 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on TMUS shares. Scotiabank lifted their target price on T-Mobile US from $212.00 to $214.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 29th. Wells Fargo & Company cut their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Moffett Nathanson upped their price target on T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. TD Cowen decreased their price target on shares of T-Mobile US from $260.00 to $258.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Benchmark decreased their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $238.25.
View Our Latest Report on T-Mobile US
Insider Transactions 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 stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.
Key Headlines Impacting T-Mobile US
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: T-Mobile launched T-Mix customizable wireless plans and 5 Gig fiber service, with a 10-year price guarantee on the fiber offer. The products could help attract and retain customers and encourage bundled services, but their contribution to results remains to be seen. Article: T Mobile US Launches T Mix And 5 Gig Fiber
- Neutral Sentiment: Zacks highlighted TMUS as a value stock, while other coverage described it as a long-term growth stock. These are investment-style assessments rather than new company or earnings developments. Article: Here’s Why T-Mobile Is a Strong Value Stock
- Negative Sentiment: ETFs were net sellers of T-Mobile shares on Nov. 3, selling $24.5 million overall. The report noted that 32 funds bought shares and nine sold, so the flow data offers a limited signal rather than clear broad-based selling pressure. Article: ETFs Are Net Sellers of T-Mobile
T-Mobile US Stock Performance
Shares of NASDAQ:TMUS opened at $162.01 on Monday. The company’s 50-day moving average price is $164.96 and its two-hundred day moving average price is $186.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. T-Mobile US, Inc. has a one year low of $143.75 and a one year high of $224.75. The stock has a market capitalization of $171.61 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.94 and a beta of 0.40.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.33. The company had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.41 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 11.44 EPS for the current fiscal year.
T-Mobile US Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. The ex-dividend date is Wednesday, November 25th. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a yield of 2.9%. T-Mobile US’s dividend payout ratio is currently 39.38%.
T-Mobile US Company Profile
T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.
The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.
T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.
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