8,160 Shares in T-Mobile US, Inc. $TMUS Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 8,160 shares of T-Mobile US, Inc. valued at approximately $1.94 million during the second quarter of 2023.
• T-Mobile US reported $2.84 EPS for the last quarter, exceeding expectations of $2.69, with revenue reaching $21.13 billion.
• The company announced a new quarterly dividend of $1.02 per share, reflecting a positive change from the previous dividend of $0.88.

Counterpoint Mutual Funds LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,160 shares of the Wireless communications provider's stock, valued at approximately $1,944,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. boosted its holdings in T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 41 shares during the last quarter. Hohimer Wealth Management LLC boosted its holdings in T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after purchasing an additional 41 shares during the last quarter. Journey Strategic Wealth LLC boosted its holdings in T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after purchasing an additional 41 shares during the last quarter. Angeles Wealth Management LLC boosted its holdings in T-Mobile US by 1.2% in the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after purchasing an additional 41 shares during the last quarter. Finally, City Holding Co. boosted its holdings in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $237.55 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market cap of $267.35 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.31 and a beta of 0.61. The firm's fifty day moving average is $244.07 and its two-hundred day moving average is $245.35. T-Mobile US, Inc. has a 52-week low of $198.69 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.49 EPS. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio is currently 33.21%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several analyst reports. Bank of America initiated coverage on shares of T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Morgan Stanley lifted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $258.02.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $239.18, for a total transaction of $15,409,410.68. Following the sale, the director directly owned 634,628,048 shares in the company, valued at approximately $151,790,336,520.64. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 2,606,300 shares of company stock worth $627,710,011. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.

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