T-Mobile US, Inc. $TMUS Shares Bought by Third View Private Wealth LLC

Third View Private Wealth LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 39.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,278 shares of the Wireless communications provider’s stock after acquiring an additional 7,191 shares during the quarter. Third View Private Wealth LLC’s holdings in T-Mobile US were worth $4,122,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Provenance Wealth Advisors LLC increased its holdings in T-Mobile US by 7,084.2% during the third quarter. Provenance Wealth Advisors LLC now owns 1,365 shares of the Wireless communications provider’s stock valued at $223,000 after buying an additional 1,346 shares during the last quarter. Associated Banc Corp bought a new position in T-Mobile US in the third quarter worth approximately $6,872,000. Oregon Public Employees Retirement Fund raised its position in T-Mobile US by 3.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 59,341 shares of the Wireless communications provider’s stock worth $9,677,000 after acquiring an additional 2,109 shares during the period. Summit Wealth Group LLC Co. purchased a new position in shares of T-Mobile US during the 3rd quarter worth $1,006,000. Finally, MBA Advisors LLC purchased a new position in shares of T-Mobile US during the 3rd quarter worth $261,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the firm’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 owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is owned by company insiders.

T-Mobile US Stock Down 3.6%

NASDAQ TMUS opened at $154.41 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 52 week low of $143.75 and a 52 week high of $224.75. The firm has a market capitalization of $163.56 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.93 and a beta of 0.40. The company has a fifty day moving average of $166.10 and a two-hundred day moving average of $186.58.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.33. The business had revenue of $23.58 billion for 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 business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 earnings per share. On average, analysts predict that T-Mobile US, Inc. will post 11.44 earnings per share 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 given a $1.17 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a yield of 3.0%. T-Mobile US’s dividend payout ratio is currently 39.38%.

Analyst Ratings Changes

Several research firms have issued reports on TMUS. Morgan Stanley cut their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. KeyCorp cut their target price on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Wolfe Research downgraded T-Mobile US from an “outperform” rating to a “peer perform” rating in a research note on Friday, August 14th. Royal Bank Of Canada decreased their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Finally, Wells Fargo & Company reduced their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $238.25.

Trending Headlines about T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: A recent analysis highlighted T-Mobile’s earnings growth, revenue beat, raised guidance, share repurchases and dividend increase, arguing the company’s fundamentals and valuation remain attractive despite slower postpaid subscriber additions. Article: T-Mobile: Headwinds Continue To Overshadow Strong Growth And The 3 Percent Yield
• Positive Sentiment: T-Mobile reported substantial cybersecurity improvements, including sharp reductions in successful SIM-swap attacks and phishing-related credential compromises. Better security could help protect customer trust and reduce operational risk. Article: T-Mobile Opens Up on Its Cybersecurity Transformation in New Report
• Neutral Sentiment: The company is launching holiday device discounts and promotions across its brands, including phone and home-internet offers. These may support customer acquisition, though discounting could also pressure margins. Article: T-Mobile Brings More to the Holiday Mix
• Negative Sentiment: Bloomberg reported that Deutsche Telekom’s plans to combine with its U.S. arm have hit a snag, casting doubt on a major potential transaction. The uncertainty may weigh on expectations for a deal-related catalyst. Article: Deutsche Telekom Said to Hit Brakes on T-Mobile Merger
• Negative Sentiment: Reports that SpaceX may acquire or integrate with Boost Mobile raise the prospect of a new satellite-and-cellular competitor. Boost’s reliance on network leases, including from T-Mobile, creates execution hurdles, but the possibility is adding competitive pressure to telecom shares. Article: SpaceX Starlink’s Telecom Ground Game Takes Shape

T-Mobile US Company Profile

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.