First Trust Advisors LP Has $139.23 Million Holdings in T-Mobile US, Inc. $TMUS

First Trust Advisors LP cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 30.0% during the 1st quarter, Holdings Channel reports. The firm owned 662,905 shares of the Wireless communications provider’s stock after selling 283,741 shares during the period. First Trust Advisors LP’s holdings in T-Mobile US were worth $139,230,000 as of its most recent filing with the Securities and Exchange Commission.

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

More T-Mobile US News

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

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS topping estimates and year-over-year earnings growth supported by strong postpaid customer additions and higher service revenue. Reuters article
• Positive Sentiment: The company raised its annual adjusted free cash flow forecast, helped by customers migrating to higher-priced premium plans and stronger cash generation. Yahoo Finance article
• Positive Sentiment: Service revenue and postpaid account growth remained strong, underscoring T-Mobile’s ability to monetize its customer base and sustain industry-leading wireless growth. Business Wire article
• Neutral Sentiment: Management and coverage from several outlets suggest the market is focusing more on the revenue miss and slower subscriber growth than on the earnings beat, which is pressuring the stock despite solid fundamentals. Bloomberg article
• Negative Sentiment: Quarterly revenue came in slightly below expectations, and investors appear concerned that subscriber gains are slowing, which is overshadowing the stronger profit and cash flow outlook. Barrons article

Insiders Place Their Bets

In other news, COO Jon Freier sold 4,799 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida acquired 5,097 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the acquisition, the insider owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TMUS shares. Moffett Nathanson upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price for the company in a research report on Wednesday, April 8th. UBS Group dropped their price target on 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. Barclays cut their price objective on shares of T-Mobile US from $245.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Freedom Capital upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada decreased 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 report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $254.56.

T-Mobile US Stock Down 10.7%

TMUS stock opened at $170.42 on Friday. The firm has a 50-day moving average price of $184.63 and a 200-day moving average price of $195.77. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $184.43 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.13 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.84 EPS. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.53 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.4%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

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.