T-Mobile US, Inc. $TMUS Shares Newly Acquired by Provident Investment Management Inc.

Provident Investment Management Inc. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,921 shares of the Wireless communications provider’s stock, valued at approximately $803,000.

Other hedge funds have also recently modified their holdings of the company. Essex Financial Services Inc. raised its stake in T-Mobile US by 3.5% in the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after buying an additional 53 shares in the last quarter. Sachetta LLC lifted its holdings in T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 55 shares during the period. Legacy Wealth Asset Management LLC boosted its position in T-Mobile US by 1.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock valued at $812,000 after acquiring an additional 56 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in T-Mobile US by 2.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 2,351 shares of the Wireless communications provider’s stock valued at $494,000 after acquiring an additional 60 shares in the last quarter. Finally, Heartland Bank & Trust Co boosted its position in T-Mobile US by 3.5% during the 1st quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider’s stock valued at $387,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction dated Thursday, September 10th. The stock was 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 in the company, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.32% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $146.54 on Monday. The company has a 50 day moving average of $170.37 and a two-hundred day moving average of $180.48. 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 twelve month low of $146.32 and a twelve month high of $224.75. The company has a market cap of $157.19 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.91 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 earnings per share. As a group, analysts predict that T-Mobile US, Inc. will post 11.17 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a dividend of $1.17 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 annualized dividend and a yield of 3.2%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio is currently 42.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TMUS shares. Wells Fargo & Company cut their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. Morgan Stanley decreased their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. JPMorgan Chase & Co. dropped their price objective on T-Mobile US from $275.00 to $260.00 and set an “overweight” rating on the stock in a research report on Monday, September 21st. Moffett Nathanson lifted their target price on T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Finally, Barclays reduced their target price on shares of 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 issued a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $242.21.

Key Stories Impacting T-Mobile US

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

• Positive Sentiment: Erste Group Bank modestly increased its fiscal 2027 EPS forecast for T-Mobile US to $13.81 from $13.79, signaling slightly improved confidence in the company’s longer-term earnings outlook. Erste Group Bank raises T-Mobile EPS estimate
• Neutral Sentiment: T-Mobile’s third-quarter results are due October 28. Analysts expect subscriber additions, broadband growth and device promotions to support revenue, although higher expenses and aggressive competition could limit profitability. T-Mobile third-quarter earnings preview
• Negative Sentiment: SpaceX is reportedly negotiating with cellular infrastructure providers for thousands of tower locations after acquiring additional mobile spectrum. Its potential launch of a fourth national wireless carrier could increase pricing pressure, customer-acquisition costs and network investment requirements for T-Mobile. Why T-Mobile US stock dropped
• Negative Sentiment: Citigroup reportedly sees further valuation pressure for established wireless carriers, while tower operators could benefit from SpaceX leasing network infrastructure. This relative advantage for tower companies reinforced concerns about T-Mobile’s competitive position. Citi commentary on SpaceX wireless expansion

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.