Demars Financial Group LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,881 shares of the Wireless communications provider’s stock, valued at approximately $1,122,000.
Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management increased its position in shares of T-Mobile US by 2.2% in the third quarter. Brookstone Capital Management now owns 44,112 shares of the Wireless communications provider’s stock valued at $7,194,000 after acquiring an additional 952 shares during the period. NBT Bank N.A. bought a new position in shares of T-Mobile US during the third quarter valued at about $249,000. Adams Diversified Equity Fund Inc. raised its stake in shares of T-Mobile US by 50.4% during the third quarter. Adams Diversified Equity Fund Inc. now owns 79,700 shares of the Wireless communications provider’s stock valued at $12,997,000 after acquiring an additional 26,700 shares during the last quarter. Precedent Wealth Partners LLC boosted its holdings in shares of T-Mobile US by 66.8% during the third quarter. Precedent Wealth Partners LLC now owns 10,175 shares of the Wireless communications provider’s stock worth $1,659,000 after purchasing an additional 4,076 shares during the period. Finally, E. Ohman J or Asset Management AB boosted its holdings in shares of T-Mobile US by 50.9% during the third quarter. E. Ohman J or Asset Management AB now owns 22,331 shares of the Wireless communications provider’s stock worth $3,642,000 after purchasing an additional 7,532 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.
More T-Mobile US News
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: T-Mobile and NVIDIA reported the first AI Radio Access Network (AI-RAN) call on a commercial mobile network, conducted with Nokia. The demonstration highlights T-Mobile’s potential to use NVIDIA technology to make wireless networks more intelligent and create new revenue opportunities as AI infrastructure expands. How Is NVIDIA Expanding AI-Powered Telecom Networks Following T-Mobile’s First AI-RAN Call?
- Positive Sentiment: NVIDIA CEO Jensen Huang described a potential 100-gigawatt distributed data-center opportunity across roughly 100,000 telecom sites, and identified T-Mobile and Nokia as companies already advancing this concept. The comments increase visibility around T-Mobile’s longer-term AI and network monetization opportunity. NVIDIA’s Jensen Huang Sees 100GW AI Opportunity In Telecom Networks
- Neutral Sentiment: A Zacks commentary characterized TMUS as a potentially attractive long-term value stock, but it was an analytical opinion rather than a new company announcement or forecast change. Why T-Mobile Is a Top Value Stock for the Long-Term
- Neutral Sentiment: T-Mobile is supporting First Responders Children’s Foundation events and scholarships. The initiative may benefit brand reputation but is unlikely to materially affect near-term earnings. T-Mobile and First Responders Children’s Foundation Celebrate National First Responders Day Nationwide
- Negative Sentiment: Wireless stocks, including T-Mobile, declined amid broader sector pressure despite AT&T’s quarterly beat, suggesting industry-wide sentiment is weighing on TMUS independently of its fundamentals. AT&T Sinks Despite Q3 Beat
- Negative Sentiment: Elon Musk’s renewed promotion of SpaceX’s Starlink highlights potential long-term competition from satellite connectivity, particularly in underserved markets. Elon Musk Says Starlink Is Rewriting Telecom
T-Mobile US Stock Up 3.3%
T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period in the prior year, the business earned $2.84 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts anticipate that T-Mobile US, Inc. will post 11.17 EPS for the current year.
T-Mobile US Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is presently 42.72%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Raymond James Financial raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a research note on Monday, October 12th. Morgan Stanley lowered their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. KeyCorp lowered their price target on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. The Goldman Sachs Group dropped their price objective on T-Mobile US from $230.00 to $211.00 and set a “buy” rating for the company in a report on Friday, September 25th. Finally, Scotiabank cut their price objective on T-Mobile US from $217.00 to $212.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.65.
Get Our Latest Stock Analysis on T-Mobile US
Insider Activity
In related news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.
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.
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