QRG Capital Management Inc. Sells 13,665 Shares of T-Mobile US, Inc. $TMUS

Key Points

• QRG Capital Management cut its T-Mobile US stake by 41.6% in the second quarter, selling 13,665 shares and retaining 19,176 shares valued at approximately $3.2 million.
• T-Mobile reported quarterly adjusted earnings of $2.99 per share, beating estimates, while revenue rose 7.9% year over year to $22.79 billion, slightly below expectations.
• The company increased its quarterly dividend by 15% to $1.17 per share, representing an annualized dividend of $4.68 and a yield of about 2.8%; analysts maintained a consensus “Moderate Buy” rating.

QRG Capital Management Inc. decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 41.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,176 shares of the Wireless communications provider's stock after selling 13,665 shares during the period. QRG Capital Management Inc.'s holdings in T-Mobile US were worth $3,216,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in T-Mobile US in the second quarter worth about $6,625,275,000. State Street Corp grew its holdings in shares of T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider's stock worth $5,133,198,000 after acquiring an additional 1,047,624 shares during the last quarter. Capital International Investors grew its holdings in shares of T-Mobile US by 8.2% in the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider's stock worth $3,014,754,000 after acquiring an additional 1,121,409 shares during the last quarter. Invesco Ltd. raised its position in shares of T-Mobile US by 10.5% during the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider's stock worth $1,772,638,000 after purchasing an additional 827,381 shares during the period. Finally, Norges Bank acquired a new stake in shares of T-Mobile US during the fourth quarter worth $1,335,918,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Up 0.0%

TMUS stock opened at $165.43 on Friday. T-Mobile US, Inc. has a 1-year low of $161.14 and a 1-year high of $240.95. 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 business's 50 day moving average is $178.60 and its 200-day moving average is $187.80. The firm has a market cap of $177.45 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.06 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the company earned $2.84 EPS. T-Mobile US's revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate that T-Mobile US, Inc. will post 10.82 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders 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 a boost from T-Mobile US's previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.8%. T-Mobile US's dividend payout ratio (DPR) is 42.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Bank of America upgraded T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price target for the company in a research report on Monday, July 6th. Royal Bank Of Canada reduced their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. Scotiabank decreased their target price on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a report on Wednesday, July 15th. Benchmark dropped their target price on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Finally, TD Cowen cut their price target on shares of T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $251.16.

More T-Mobile US News

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

• Positive Sentiment: T-Mobile raised its quarterly dividend 15% to $1.17 per share, or $4.68 annualized, signaling confidence in cash generation and increasing shareholder returns. The dividend yield is approximately 2.8%. T-Mobile Announces a 15% Quarterly Dividend Increase
• Positive Sentiment: Reports point to higher cash-flow guidance and continued service-revenue growth, strengthening the investment case despite broader economic uncertainty. T-Mobile US stock carries higher cash flow guidance
• Positive Sentiment: Moffett Nathanson raised its price target to $246 and retained a Buy rating, implying substantial upside based on the referenced price. Moffett Nathanson price target update
• Positive Sentiment: The company is deploying AI-powered AutoPilot and Dynamic CX tools across its network to improve capacity management, resilience and customer experience. U-wifi also selected T-Mobile as its MVNO network partner for an affordable nationwide internet program, potentially supporting wholesale growth. T-Mobile launches AI-powered network capabilities
• Neutral Sentiment: Large call-option activity suggests some traders are positioning for upside, but options flows do not guarantee sustained buying or business improvement. Investors buy T-Mobile call options
• Negative Sentiment: Goldman Sachs cut its price target to $211 from $230, although it maintained a Buy rating. The reduction may weigh on sentiment by signaling more limited upside. Goldman Sachs adjusts T-Mobile price target
• Negative Sentiment: Analysts cited competitive pressure, macroeconomic risks and T-Mobile’s roughly $84.6 billion of debt. Bernstein also adopted a neutral view on T-Mobile-related exposure, while earlier target cuts and the stock’s 52-week low reinforce near-term caution. Bernstein cuts Deutsche Telekom on T-Mobile risks

Insider Activity at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares of the company's stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company's stock.

About T-Mobile US

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. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.