Dearborn Partners LLC trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,182 shares of the Wireless communications provider’s stock after selling 14,137 shares during the period. Dearborn Partners LLC’s holdings in T-Mobile US were worth $23,996,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in T-Mobile US by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after buying an additional 636,192 shares during the last quarter. State Street Corp increased its stake in T-Mobile US by 4.7% in the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after buying an additional 1,092,769 shares during the last quarter. Capital International Investors increased its stake in T-Mobile US by 5.5% in the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock valued at $3,285,608,000 after buying an additional 711,278 shares during the last quarter. Wellington Management Group LLP increased its stake in T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after buying an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. increased its stake in T-Mobile US by 6.1% in the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock valued at $1,891,845,000 after buying an additional 453,096 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other T-Mobile US news, insider Andre Almeida acquired 5,097 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the purchase, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by insiders.
T-Mobile US Stock Performance
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.58 EPS. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.
T-Mobile US Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. T-Mobile US’s payout ratio is presently 43.40%.
Key Headlines Impacting T-Mobile US
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: T-Mobile introduced Dynamic CX, an AI-powered network optimization capability designed to automatically adapt in real time during high-demand events like concerts and sports matches, reinforcing its reputation for network quality and customer experience. T-Mobile Introduces Dynamic CX, AI-Powered Technology Designed to Help Keep Customers Connected During Summer’s Biggest Live Events
- Positive Sentiment: The company opened a global technology center in Hyderabad, India, with reports indicating plans to hire nearly 1,000 employees by 2027, suggesting continued investment in technology talent and global scale. T-Mobile opens India tech centre, to hire nearly 1,000 by 2027
- Positive Sentiment: T-Mobile also announced it will be an official sponsor of America250, a high-visibility branding partnership tied to the U.S. semiquincentennial celebration, which could support marketing reach and brand goodwill. T-Mobile Partners with America250 to Commemorate the Nation’s 250th Anniversary
- Neutral Sentiment: MarketWatch noted that TMUS outperformed peers despite broader losses, indicating relative strength, though the article did not point to a major new fundamental catalyst.
Analysts Set New Price Targets
Several brokerages have issued reports on TMUS. Weiss Ratings reiterated a “hold (c+)” rating on shares of T-Mobile US in a research note on Friday, April 10th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target on the stock in a research note on Thursday, February 19th. TD Cowen lifted their price target on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley began coverage on shares of T-Mobile US in a research report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.48.
Read Our Latest Research Report on TMUS
T-Mobile US Profile
T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.
Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.
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