Fifth Third Bancorp Acquires 101,121 Shares of T-Mobile US, Inc. $TMUS

Fifth Third Bancorp raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 34.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 393,309 shares of the Wireless communications provider’s stock after acquiring an additional 101,121 shares during the period. Fifth Third Bancorp’s holdings in T-Mobile US were worth $82,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of T-Mobile US by 14.6% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after buying an additional 23,836 shares in the last quarter. Quilter Plc grew its stake in T-Mobile US by 7.8% during the fourth quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock valued at $94,584,000 after acquiring an additional 33,813 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in T-Mobile US by 16.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock worth $20,010,000 after acquiring an additional 14,110 shares during the period. Los Angeles Capital Management LLC increased its holdings in T-Mobile US by 32.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock worth $62,370,000 after acquiring an additional 72,922 shares during the period. Finally, CSM Advisors LLC lifted its stake in T-Mobile US by 62.3% in the 3rd quarter. CSM Advisors LLC now owns 123,378 shares of the Wireless communications provider’s stock worth $29,533,000 after purchasing an additional 47,356 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, 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 transaction of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. This represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TMUS shares. Freedom Capital upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research report on Wednesday, April 29th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Monday, July 6th. Morgan Stanley cut their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Finally, KeyCorp upgraded shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective on the stock in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $255.76.

T-Mobile US Price Performance

Shares of TMUS opened at $187.61 on Monday. 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, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The stock has a 50 day simple moving average of $185.37 and a two-hundred day simple moving average of $196.56. The firm has a market cap of $203.03 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.T-Mobile US’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.58 EPS. On average, analysts forecast that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s payout ratio is presently 43.40%.

Key Stories Impacting T-Mobile US

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

• Positive Sentiment: Morgan Stanley kept an Overweight rating on T-Mobile, even after trimming its price target, reinforcing the view that the stock remains a Wall Street favorite. Morgan Stanley Keeps Overweight Rating on T-Mobile (TMUS)
• Positive Sentiment: T-Mobile announced a leadership expansion, naming wireless veteran Chris Sambar as Chief Enterprise Officer to help accelerate growth in new areas such as AI and 6G, which could support longer-term expansion. T-Mobile (TMUS) Appoints Chris Sambar as Chief Enterprise Officer
• Positive Sentiment: Several recent pieces argue T-Mobile remains attractive relative to its growth, citing strong revenue growth, margins, and a low forward PEG ratio, while share buybacks and debt reduction could continue to support the stock. T-Mobile US: Cheap Relative To Growth
• Neutral Sentiment: Wells Fargo initiated analyst coverage on T-Mobile, adding to the stock’s visibility, though the article excerpt did not provide a clear rating or price target change. T-Mobile US (NASDAQ:TMUS) Now Covered by Analysts at Wells Fargo & Company
• Neutral Sentiment: Short-interest data showed no meaningful shares outstanding in the latest report, so the update does not appear to signal a material change in trading pressure.
• Negative Sentiment: Some investor attention remains focused on competitive risks, especially concerns that SpaceX’s Starlink could pressure wireless carriers over time. Top wireless stock remains Wall Street favorite amid space risk
• Negative Sentiment: T-Mobile also faced criticism over a new customer-support restriction in its T-Life app, which could frustrate users and add to near-term sentiment pressure. T-Mobile faces backlash over new customer support restriction

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.