Fiduciary Financial Group LLC Makes New Investment in T-Mobile US, Inc. $TMUS

Key Points

• Fiduciary Financial Group LLC acquired 1,863 shares of T-Mobile US, Inc. valued at approximately $450,000 in Q2 2023, highlighting growing institutional interest in the company.
• T-Mobile US reported $2.84 earnings per share (EPS) for Q2, exceeding analysts’ expectations and reflecting a 6.9% year-over-year revenue increase to $21.13 billion.
• Insider trading showed CEO G. Michael Sievert selling 22,500 shares for approximately $5.75 million, indicating important movements within the company's executive ranks.

Fiduciary Financial Group LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,863 shares of the Wireless communications provider's stock, valued at approximately $450,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management raised its stake in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. raised its stake in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US in the 1st quarter worth about $29,000. TCTC Holdings LLC raised its stake in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Finally, Adirondack Trust Co. increased its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Up 0.1%

Shares of T-Mobile US stock opened at $241.72 on Friday. The firm has a market capitalization of $272.04 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm's 50 day moving average is $243.25 and its 200 day moving average is $246.64. T-Mobile US, Inc. has a 1 year low of $195.47 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly 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. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the firm posted $2.49 EPS. The firm's revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO G Michael Sievert sold 22,500 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the transaction, the chief executive officer owned 358,722 shares in the company, valued at approximately $91,682,168.76. The trade was a 5.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the completion of the transaction, the director owned 635,014,604 shares in the company, valued at $152,454,306,128.32. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,627,930 shares of company stock worth $628,713,068 over the last three months. Insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Morgan Stanley raised their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. KeyCorp reissued an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

About T-Mobile US

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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