T-Mobile US, Inc. $TMUS Shares Sold by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel cut its T-Mobile US position by 86.5% in the third quarter, selling 29,308 shares and retaining 4,565 shares valued at approximately $745,000.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $244.65, despite some firms lowering their targets.
• T-Mobile reported quarterly EPS of $2.99, exceeding estimates, while revenue rose 7.9% year over year. The company also increased its quarterly dividend to $1.17, equivalent to a 2.9% annual yield.

Carnegie Investment Counsel lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 86.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,565 shares of the Wireless communications provider's stock after selling 29,308 shares during the quarter. Carnegie Investment Counsel's holdings in T-Mobile US were worth $745,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMUS. BlackRock Inc. acquired a new position in shares of T-Mobile US during the 2nd quarter valued at $6,625,275,000. Bank of New York Mellon Corp purchased a new stake in T-Mobile US during the 2nd quarter worth $839,194,000. Bank of America Corp DE purchased a new stake in T-Mobile US during the 2nd quarter worth $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in T-Mobile US by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider's stock valued at $683,731,000 after purchasing an additional 43,783 shares in the last quarter. Finally, Amundi increased its holdings in T-Mobile US by 2.6% in the 2nd quarter. Amundi now owns 3,775,445 shares of the Wireless communications provider's stock valued at $633,255,000 after purchasing an additional 95,650 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on TMUS shares. Raymond James Financial upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $170.00 price objective on the stock in a research note on Monday, October 12th. Sanford C. Bernstein reiterated a "neutral" rating on shares of T-Mobile US in a research note on Monday, September 28th. The Goldman Sachs Group lowered their target price on T-Mobile US from $230.00 to $211.00 and set a "buy" rating for the company in a research note on Friday, September 25th. Benchmark dropped their target price on T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Finally, Moffett Nathanson boosted their price target on T-Mobile US from $242.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $244.65.

More T-Mobile US News

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

• Positive Sentiment: T-Mobile and NVIDIA reported the first AI Radio Access Network (AI-RAN) call on a commercial mobile network, conducted with Nokia. The demonstration highlights T-Mobile’s potential to use NVIDIA technology to make wireless networks more intelligent and create new revenue opportunities as AI infrastructure expands. How Is NVIDIA Expanding AI-Powered Telecom Networks Following T-Mobile’s First AI-RAN Call?
• Positive Sentiment: NVIDIA CEO Jensen Huang described a potential 100-gigawatt distributed data-center opportunity across roughly 100,000 telecom sites, and identified T-Mobile and Nokia as companies already advancing this concept. The comments increase visibility around T-Mobile’s longer-term AI and network monetization opportunity. NVIDIA’s Jensen Huang Sees 100GW AI Opportunity In Telecom Networks
• Neutral Sentiment: A Zacks commentary characterized TMUS as a potentially attractive long-term value stock, but it was an analytical opinion rather than a new company announcement or forecast change. Why T-Mobile Is a Top Value Stock for the Long-Term
• Neutral Sentiment: T-Mobile is supporting First Responders Children’s Foundation events and scholarships. The initiative may benefit brand reputation but is unlikely to materially affect near-term earnings. T-Mobile and First Responders Children’s Foundation Celebrate National First Responders Day Nationwide
• Negative Sentiment: Wireless stocks, including T-Mobile, declined amid broader sector pressure despite AT&T’s quarterly beat, suggesting industry-wide sentiment is weighing on TMUS independently of its fundamentals. AT&T Sinks Despite Q3 Beat
• Negative Sentiment: Elon Musk’s renewed promotion of SpaceX’s Starlink highlights potential long-term competition from satellite connectivity, particularly in underserved markets. Elon Musk Says Starlink Is Rewriting Telecom

T-Mobile US Stock Up 3.3%

Shares of T-Mobile US stock opened at $158.79 on Friday. The business has a 50-day moving average of $171.10 and a 200-day moving average of $180.85. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market capitalization of $170.33 billion, a PE ratio of 16.63, a P/E/G ratio of 0.96 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $147.90 and a 1-year high of $225.93.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $22.95 billion. During the same period in the previous year, the company earned $2.84 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that T-Mobile US, Inc. will post 11.17 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 10th. Shareholders of record on Wednesday, November 25th will be given a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 25th. This is a positive change from T-Mobile US's previous quarterly dividend of $1.02. T-Mobile US's dividend payout ratio is currently 42.72%.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the transaction, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by insiders.

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, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.

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