Saudi Central Bank grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 86.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,709 shares of the Wireless communications provider’s stock after buying an additional 16,131 shares during the quarter. Saudi Central Bank’s holdings in T-Mobile US were worth $5,822,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Main Street Group LTD purchased a new stake in shares of T-Mobile US during the first quarter valued at $25,000. Paladin Partners LLC purchased a new position in T-Mobile US in the 2nd quarter worth about $25,000. Dunhill Financial LLC purchased a new position in T-Mobile US in the 2nd quarter worth about $27,000. Swiss RE Ltd. bought a new stake in T-Mobile US during the 4th quarter valued at about $29,000. Finally, Highland Investment Advisors LLC bought a new stake in T-Mobile US during the 2nd quarter valued at about $30,000. 42.49% of the stock is owned by institutional investors.
T-Mobile US Stock Performance
NASDAQ TMUS opened at $181.52 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The company has a market capitalization of $194.71 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.17 and a beta of 0.34. The company’s 50-day simple moving average is $181.32 and its two-hundred day simple moving average is $192.31. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $255.74.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s payout ratio is 42.72%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Royal Bank Of Canada dropped their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Monday, July 6th. Wells Fargo & Company lowered their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Finally, Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.
Get Our Latest Stock Report on T-Mobile US
Trending Headlines about T-Mobile US
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: Activist investor Elliott Investment Management reportedly opposes a potential merger involving Deutsche Telekom and is urging the parent company to pursue alternative ways to increase shareholder value. The report could support T-Mobile’s investment case by reducing merger-related uncertainty and keeping the focus on shareholder returns. T-Mobile Stock Rises on Report Elliott Opposes Deutsche Telekom Merger
- Positive Sentiment: Jessica Uhl will join T-Mobile as CFO designate in mid-September and brings senior finance experience from Shell and GE Vernova. Her global operating background may strengthen the company’s financial leadership as T-Mobile continues investing in its wireless network and growth initiatives. T-Mobile US Sets Up CFO Handover With Jessica Uhl Joining In September
- Neutral Sentiment: The transition is planned well in advance: current CFO Peter Osvaldik will remain in the role until February 2027 and work with Uhl during an extended handover. The overlap reduces execution risk, although investors may still be evaluating how Uhl’s priorities will differ from the current finance strategy. T-Mobile CFO Peter Osvaldik to Step Down in February 2027
- Negative Sentiment: The CFO succession announcement may be contributing to near-term pressure on TMUS, as leadership changes can create uncertainty around capital allocation, financial targets and the company’s longer-term strategy, even when the transition is orderly. This comes despite T-Mobile’s recent earnings beat and year-over-year revenue growth. T-Mobile Announces Planned Chief Financial Officer Transition
T-Mobile US Company 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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