Overbrook Management Corp reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,580 shares of the Wireless communications provider’s stock after selling 11,540 shares during the quarter. T-Mobile US accounts for about 1.4% of Overbrook Management Corp’s investment portfolio, making the stock its 21st largest position. Overbrook Management Corp’s holdings in T-Mobile US were worth $8,738,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of TMUS. Farther Finance Advisors LLC raised its stake in T-Mobile US by 27.3% in the third quarter. Farther Finance Advisors LLC now owns 24,469 shares of the Wireless communications provider’s stock valued at $3,990,000 after purchasing an additional 5,250 shares in the last quarter. Atwood & Palmer Inc. increased its holdings in shares of T-Mobile US by 90.9% in the 3rd quarter. Atwood & Palmer Inc. now owns 630 shares of the Wireless communications provider’s stock worth $103,000 after buying an additional 300 shares during the last quarter. Everhart Financial Group Inc. bought a new position in shares of T-Mobile US in the 3rd quarter worth $300,000. Avidian Wealth Enterprises LLC raised its position in shares of T-Mobile US by 37.6% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 2,472 shares of the Wireless communications provider’s stock valued at $403,000 after buying an additional 675 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. lifted its holdings in shares of T-Mobile US by 100.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 400 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.
T-Mobile US Trading Up 2.2%
TMUS traded up $3.66 on Thursday, hitting $171.31. 4,332,635 shares of the company were exchanged, compared to its average volume of 5,557,040. The firm has a fifty day simple moving average of $175.51 and a two-hundred day simple moving average of $184.59. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US, Inc. has a 12 month low of $160.81 and a 12 month high of $231.02. The stock has a market capitalization of $183.76 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.33.
T-Mobile US Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, November 25th. 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%.
T-Mobile US News Roundup
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: T-Mobile’s satellite-coverage push and partnership with AT&T and Verizon could expand connectivity in underserved areas and strengthen the company’s network capabilities beyond traditional wireless service. Its partnership with Vistar Media also supports the development of advertising and data-monetization revenue streams. What T-Mobile US’s Satellite Coverage Push and Ad Data Tie-Up Means For Shareholders
- Positive Sentiment: Analysts remain broadly constructive on T-Mobile’s growth outlook, with the company receiving an average “Moderate Buy” recommendation. Recent trading gains suggest some investor support despite broader concerns. T-Mobile US Receives Average Recommendation of Moderate Buy
- Neutral Sentiment: T-Mobile announced the 40 finalists in its Friday Night 5G Lights program. The community-marketing campaign gives each finalist $25 and offers one school a $1 million stadium upgrade, potentially supporting brand awareness but having limited near-term financial impact. T-Mobile’s Friday Night 5G Lights Narrows the Field to 40 Schools Chasing a $1M Upgrade
- Neutral Sentiment: Mint Mobile, T-Mobile’s prepaid brand, launched a six-month offer allowing new customers to receive any plan for $10 per month. The promotion may boost subscriber acquisition and retention, but could also reduce near-term revenue per customer. Mint Mobile Turns 10 and Celebrates with Its Best Deal Ever
- Negative Sentiment: SpaceX’s deal to acquire a spectrum license is weighing on T-Mobile and other major carriers. Investors may view the transaction as increasing competitive pressure and potentially raising the industry’s future spectrum and network-investment requirements. SpaceX Deal to Acquire Spectrum License Hammers Shares of AT&T, Verizon and T-Mobile
- Negative Sentiment: T-Mobile is reportedly reducing an employee or customer-related wireless discount, which could increase bills for affected users and create some customer-satisfaction risk, even though it may modestly improve pricing economics. T-Mobile Reduces a Generous Discount as Customers See Prices Rise
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Benchmark cut their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. 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, July 24th. Royal Bank Of Canada reduced their price objective on 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. Barclays decreased their price objective on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Finally, Moffett Nathanson upped their target price on T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $247.84.
Check Out Our Latest Report on T-Mobile US
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 on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by insiders.
T-Mobile US Company Profile
T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.
The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.
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