First Manhattan CO. LLC. Has $7.12 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• First Manhattan CO. LLC. increased its stake in T-Mobile US by 9.8%, now owning 26,705 shares valued at $7,122,000 as reported in their recent SEC filing.
• T-Mobile's recent quarterly earnings surpassed expectations, reporting $2.84 EPS with revenue of $21.13 billion, a 6.9% year-over-year increase.
• The company will pay a quarterly dividend of $0.88 on September 11th, 2023, which translates to an annualized yield of 1.4%.

First Manhattan CO. LLC. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,705 shares of the Wireless communications provider's stock after purchasing an additional 2,383 shares during the quarter. First Manhattan CO. LLC.'s holdings in T-Mobile US were worth $7,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TMUS. Activest Wealth Management increased its holdings 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 valued at $25,000 after buying an additional 94 shares during the period. Godsey & Gibb Inc. boosted its position in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC bought a new stake in T-Mobile US in the first quarter valued at about $29,000. TCTC Holdings LLC raised its position in T-Mobile US by 208.1% in the first 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, City Holding Co. raised its position 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 in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $0.64 during mid-day trading on Friday, reaching $252.76. 3,294,176 shares of the company were exchanged, compared to its average volume of 4,298,151. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a market cap of $284.46 billion, a PE ratio of 23.85, a PEG ratio of 1.38 and a beta of 0.61. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The company has a fifty day moving average of $242.67 and a 200 day moving average of $247.68.

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, topping analysts' consensus estimates 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 prior year, the business earned $2.49 earnings per share. T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 2,488,250 shares of company stock worth $593,252,506. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TMUS. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Redburn Atlantic raised 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. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Finally, Morgan Stanley upped their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Three equities research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $258.02.

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.