Perpetual Ltd Purchases 6,517 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Perpetual Ltd increased its T-Mobile US stake by 140.1% in the third quarter, purchasing 6,517 additional shares and bringing its holdings to 11,168 shares worth approximately $1.82 million.
• T-Mobile reported stronger-than-expected quarterly EPS of $2.99, while revenue rose 7.9% year over year. Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and a $244.65 price target.
• The company raised its quarterly dividend from $1.02 to $1.17 per share, equivalent to $4.68 annually and a 3.0% yield based on the article’s figures.

Perpetual Ltd boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 140.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,168 shares of the Wireless communications provider's stock after acquiring an additional 6,517 shares during the period. Perpetual Ltd's holdings in T-Mobile US were worth $1,821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Valley Wealth Managers Inc. grew its position in shares of T-Mobile US by 5.9% during the 3rd quarter. Valley Wealth Managers Inc. now owns 116,239 shares of the Wireless communications provider's stock valued at $18,956,000 after purchasing an additional 6,480 shares in the last quarter. GK Wealth Management LLC bought a new position in shares of T-Mobile US in the third quarter worth $137,000. Legacy Wealth Asset Management LLC bought a new position in shares of T-Mobile US in the third quarter worth $759,000. Stableford Capital II LLC increased its holdings in shares of T-Mobile US by 2.5% in the third quarter. Stableford Capital II LLC now owns 10,724 shares of the Wireless communications provider's stock worth $1,749,000 after purchasing an additional 257 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of T-Mobile US by 0.5% in the third quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider's stock worth $1,975,000 after buying an additional 66 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Key T-Mobile US News

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

• Positive Sentiment: Raymond James upgraded TMUS to Outperform from Market Perform and set a $170 price target, saying concerns about Starlink’s competitive threat are overstated and meaningful disruption may be more than three years away. Raymond James upgrade
• Positive Sentiment: Recent fundamentals support the bullish case: T-Mobile’s latest quarterly EPS beat estimates, revenue rose 7.9% year over year, and the company continues to generate strong cash flow. Its compressed valuation, dividend growth and roughly 2.6% yield may attract value and income investors. Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
• Positive Sentiment: T-Mobile’s technology leadership pushed back on SpaceX’s wireless ambitions, while its planned satellite-coverage cooperation with AT&T and Verizon could help address rural coverage gaps without requiring a costly standalone space network. T-Mobile pushes back on SpaceX

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $153.73 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $164.90 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.95 and a beta of 0.33. The business's 50-day moving average price is $174.05 and its 200-day moving average price is $183.34. T-Mobile US, Inc. has a 12 month low of $147.90 and a 12 month high of $230.65.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. T-Mobile US's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 EPS. Sell-side analysts forecast that T-Mobile US, Inc. will post 11.09 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $1.17 dividend. This is a positive change from T-Mobile US's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 3.0%. T-Mobile US's dividend payout ratio is currently 42.72%.

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares of the company's stock, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group dropped their price objective on T-Mobile US from $255.00 to $235.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Moffett Nathanson upped their target price on T-Mobile US from $242.00 to $246.00 and gave the stock a "buy" rating in a research note on Tuesday, September 22nd. TD Cowen lowered their price target on T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Raymond James Financial raised T-Mobile US from a "market perform" rating to an "outperform" rating and set a $170.00 price target on the stock in a report on Monday. Finally, Sanford C. Bernstein reiterated a "neutral" rating on shares of T-Mobile US in a research report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.65.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.

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