T-Mobile US, Inc. $TMUS Shares Sold by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management cut its T-Mobile US stake by 45.4% in the third quarter, selling 14,853 shares. It retained 17,883 shares, valued at about $2.9 million.
• T-Mobile reported quarterly EPS of $3.22, topping the $2.89 consensus estimate, while revenue rose 7.4% year over year to $23.58 billion.
• The company raised its quarterly dividend to $1.17 per share from $1.02. Analysts’ consensus rating was “Moderate Buy,” with an average target price of $238.25.

Lyell Wealth Management LP trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 45.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,883 shares of the Wireless communications provider's stock after selling 14,853 shares during the period. Lyell Wealth Management LP's holdings in T-Mobile US were worth $2,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. BlackRock Inc. acquired a new position in shares of T-Mobile US in the second quarter valued at about $6,625,275,000. Bank of New York Mellon Corp purchased a new position in shares of T-Mobile US in the second quarter worth about $839,194,000. Bank of America Corp DE purchased a new position in shares of T-Mobile US in the second quarter worth about $758,977,000. Legal & General Group Plc acquired a new stake in shares of T-Mobile US during the second quarter worth about $583,675,000. Finally, Deutsche Bank AG acquired a new stake in shares of T-Mobile US during the second quarter worth about $349,928,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS opened at $154.41 on Wednesday. The business's 50-day moving average is $166.10 and its two-hundred day moving average is $186.58. The company has a market capitalization of $163.56 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.93 and a beta of 0.40. T-Mobile US, Inc. has a fifty-two week low of $143.75 and a fifty-two week high of $224.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The business had revenue of $23.58 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the previous year, the firm posted $2.41 EPS. The company's revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This is an increase from T-Mobile US's previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, November 25th. T-Mobile US's dividend payout ratio (DPR) is 39.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TMUS. Barclays dropped their target price on T-Mobile US from $215.00 to $200.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 29th. Sanford C. Bernstein reissued a "neutral" rating on shares of T-Mobile US in a research report on Monday, September 28th. The Goldman Sachs Group decreased their price objective on shares of 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 decreased their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of T-Mobile US in a report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $238.25.

Key Headlines Impacting T-Mobile US

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

• Positive Sentiment: A recent analysis highlighted T-Mobile’s earnings growth, revenue beat, raised guidance, share repurchases and dividend increase, arguing the company’s fundamentals and valuation remain attractive despite slower postpaid subscriber additions. Article: T-Mobile: Headwinds Continue To Overshadow Strong Growth And The 3 Percent Yield
• Positive Sentiment: T-Mobile reported substantial cybersecurity improvements, including sharp reductions in successful SIM-swap attacks and phishing-related credential compromises. Better security could help protect customer trust and reduce operational risk. Article: T-Mobile Opens Up on Its Cybersecurity Transformation in New Report
• Neutral Sentiment: The company is launching holiday device discounts and promotions across its brands, including phone and home-internet offers. These may support customer acquisition, though discounting could also pressure margins. Article: T-Mobile Brings More to the Holiday Mix
• Negative Sentiment: Bloomberg reported that Deutsche Telekom’s plans to combine with its U.S. arm have hit a snag, casting doubt on a major potential transaction. The uncertainty may weigh on expectations for a deal-related catalyst. Article: Deutsche Telekom Said to Hit Brakes on T-Mobile Merger
• Negative Sentiment: Reports that SpaceX may acquire or integrate with Boost Mobile raise the prospect of a new satellite-and-cellular competitor. Boost’s reliance on network leases, including from T-Mobile, creates execution hurdles, but the possibility is adding competitive pressure to telecom shares. Article: SpaceX Starlink’s Telecom Ground Game Takes Shape

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer directly owned 35,118 shares of the company's stock, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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, 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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