T-Mobile US, Inc. $TMUS Stock Sold by Overbrook Management Corp

Overbrook Management Corp reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,580 shares of the Wireless communications provider’s stock after selling 11,540 shares during the quarter. T-Mobile US comprises 1.4% of Overbrook Management Corp’s investment portfolio, making the stock its 21st largest position. Overbrook Management Corp’s holdings in T-Mobile US were worth $8,738,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in T-Mobile US in the second quarter worth $6,625,275,000. Bank of New York Mellon Corp purchased a new position in T-Mobile US during the 2nd quarter valued at $839,194,000. Bank of America Corp DE bought a new position in T-Mobile US in the 2nd quarter worth $758,977,000. Legal & General Group Plc purchased a new stake in shares of T-Mobile US in the 2nd quarter worth about $583,675,000. Finally, Deutsche Bank AG purchased a new stake in shares of T-Mobile US in the 2nd quarter worth about $349,928,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, 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 SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TMUS shares. Scotiabank reduced their price target on shares of T-Mobile US from $232.00 to $217.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 2nd. Barclays lowered their price objective on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Monday, July 6th. UBS Group decreased their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, The Goldman Sachs Group dropped their price target on T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. 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 data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $247.84.

T-Mobile US News Summary

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

• Positive Sentiment: T-Mobile’s satellite-coverage push and partnership with AT&T and Verizon could expand connectivity in underserved areas and strengthen the company’s network capabilities beyond traditional wireless service. Its partnership with Vistar Media also supports the development of advertising and data-monetization revenue streams. What T-Mobile US’s Satellite Coverage Push and Ad Data Tie-Up Means For Shareholders
• Positive Sentiment: Analysts remain broadly constructive on T-Mobile’s growth outlook, with the company receiving an average “Moderate Buy” recommendation. Recent trading gains suggest some investor support despite broader concerns. T-Mobile US Receives Average Recommendation of Moderate Buy
• Neutral Sentiment: T-Mobile announced the 40 finalists in its Friday Night 5G Lights program. The community-marketing campaign gives each finalist $25 and offers one school a $1 million stadium upgrade, potentially supporting brand awareness but having limited near-term financial impact. T-Mobile’s Friday Night 5G Lights Narrows the Field to 40 Schools Chasing a $1M Upgrade
• Neutral Sentiment: Mint Mobile, T-Mobile’s prepaid brand, launched a six-month offer allowing new customers to receive any plan for $10 per month. The promotion may boost subscriber acquisition and retention, but could also reduce near-term revenue per customer. Mint Mobile Turns 10 and Celebrates with Its Best Deal Ever
• Negative Sentiment: SpaceX’s deal to acquire a spectrum license is weighing on T-Mobile and other major carriers. Investors may view the transaction as increasing competitive pressure and potentially raising the industry’s future spectrum and network-investment requirements. SpaceX Deal to Acquire Spectrum License Hammers Shares of AT&T, Verizon and T-Mobile
• Negative Sentiment: T-Mobile is reportedly reducing an employee or customer-related wireless discount, which could increase bills for affected users and create some customer-satisfaction risk, even though it may modestly improve pricing economics. T-Mobile Reduces a Generous Discount as Customers See Prices Rise

T-Mobile US Stock Up 2.2%

T-Mobile US stock traded up $3.66 during mid-day trading on Thursday, hitting $171.31. The company had a trading volume of 4,332,635 shares, compared to its average volume of 5,557,040. 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 stock’s 50 day moving average price is $175.51 and its two-hundred day moving average price is $184.59. T-Mobile US, Inc. has a 12 month low of $160.81 and a 12 month high of $231.02. The company has a market capitalization of $183.76 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm 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%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $2.84 earnings per share. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 11.02 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 2.7%. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US’s dividend payout ratio is presently 42.72%.

About T-Mobile US

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.