SevenBridge Financial Group LLC Boosts Stock Position in T-Mobile US, Inc. $TMUS

SevenBridge Financial Group LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 44.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,134 shares of the Wireless communications provider’s stock after buying an additional 4,382 shares during the period. SevenBridge Financial Group LLC’s holdings in T-Mobile US were worth $2,969,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. raised its position in shares of T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after acquiring an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC increased its stake in T-Mobile US by 315.7% in the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after purchasing an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in T-Mobile US in the second quarter valued at approximately $375,000. Raymond James Financial Inc. raised its holdings in T-Mobile US by 0.5% during the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after purchasing an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP lifted its position in shares of T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In related news, insider Andre Almeida acquired 5,097 shares of T-Mobile US stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the purchase, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jon Freier sold 4,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TMUS shares. The Goldman Sachs Group restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Scotiabank reduced their price target on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 29th. UBS Group decreased their price objective on shares of T-Mobile US from $300.00 to $255.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Morgan Stanley initiated coverage on T-Mobile US in a research report on Thursday, April 16th. They set an “overweight” rating and a $260.00 target price on the stock. Finally, KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 target price for the company in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $260.27.

T-Mobile US Stock Down 4.8%

TMUS stock opened at $173.97 on Tuesday. The company has a fifty day moving average price of $187.78 and a 200 day moving average price of $197.69. T-Mobile US, Inc. has a 12 month low of $169.00 and a 12 month high of $261.56. The company has a market cap of $188.27 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.06 and a beta of 0.31. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion for 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 for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $2.58 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is 43.40%.

Trending Headlines about T-Mobile US

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

• Positive Sentiment: TMUS continues to be viewed favorably by some analysts, with recent coverage calling it a strong value stock and brokerage sentiment remaining around “Moderate Buy.” Here’s Why T-Mobile (TMUS) is a Strong Value Stock
• Neutral Sentiment: Some of the selling appears sector-wide, as telecom peers Verizon and AT&T are also weakening on the same Starlink and Comcast-related headlines. Starlink’s Mobile Threat: Why Verizon, AT&T, and T-Mobile Are Tanking Today
• Negative Sentiment: Reports that SpaceX is considering a consumer mobile push, and possibly a partnership structure that could bypass existing carriers, are raising fears of future competition for TMUS’s core wireless business. SpaceX Might Bring Mobile Phone to Market, and Verizon, AT&T, and T-Mobile Are Down
• Negative Sentiment: Investors are also weighing T-Mobile’s legacy-plan changes, which may boost revenue but could trigger customer pushback and higher churn. T-Mobile US Slides as Starlink Mobile Threat and Legacy-Plan Changes Weigh on Sentiment

About T-Mobile US

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.