T-Mobile US, Inc. $TMUS Stock Acquired by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 66.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,175 shares of the Wireless communications provider’s stock after purchasing an additional 4,076 shares during the quarter. Precedent Wealth Partners LLC’s holdings in T-Mobile US were worth $1,659,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in T-Mobile US in the 2nd quarter worth about $6,625,275,000. Bank of New York Mellon Corp acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $839,194,000. Bank of America Corp DE acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $758,977,000. Legal & General Group Plc bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $583,675,000. Finally, Deutsche Bank AG bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $349,928,000. 42.49% of the stock is currently owned by 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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group reduced their price objective on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of T-Mobile US in a research note on Friday, September 11th. Morgan Stanley cut their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. KeyCorp reduced 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. Finally, The Goldman Sachs Group decreased their price target on T-Mobile US from $230.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, September 25th. One equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $244.65.

T-Mobile US Stock Up 3.3%

Shares of TMUS stock opened at $158.79 on Friday. T-Mobile US, Inc. has a 1 year low of $147.90 and a 1 year high of $225.93. 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 business’s fifty day moving average is $171.10 and its 200-day moving average is $180.85. The stock has a market cap of $170.33 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.84 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 11.17 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.9%. T-Mobile US’s dividend payout ratio is presently 42.72%.

Insider Transactions at T-Mobile US

In other T-Mobile US 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 value of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by insiders.

T-Mobile US Company Profile

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.