Provident Investment Management Inc. Acquires 4,921 Shares of T-Mobile US, Inc. $TMUS

Provident Investment Management Inc. acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, Holdings Channel reports. The institutional investor acquired 4,921 shares of the Wireless communications provider’s stock, valued at approximately $803,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in T-Mobile US in the 2nd quarter worth $6,625,275,000. Bank of New York Mellon Corp acquired a new stake in T-Mobile US during the 2nd quarter worth about $839,194,000. Amundi lifted its position in T-Mobile US by 40.6% during the 1st quarter. Amundi now owns 3,679,795 shares of the Wireless communications provider’s stock worth $772,867,000 after acquiring an additional 1,062,643 shares during the period. Bank of America Corp DE purchased a new stake in T-Mobile US during the 2nd quarter valued at about $758,977,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in T-Mobile US by 1.1% during 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 during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

More T-Mobile US News

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

• Positive Sentiment: Erste Group Bank modestly increased its fiscal 2027 EPS forecast for T-Mobile US to $13.81 from $13.79, signaling slightly improved confidence in the company’s longer-term earnings outlook. Erste Group Bank raises T-Mobile EPS estimate
• Neutral Sentiment: T-Mobile’s third-quarter results are due October 28. Analysts expect subscriber additions, broadband growth and device promotions to support revenue, although higher expenses and aggressive competition could limit profitability. T-Mobile third-quarter earnings preview
• Negative Sentiment: SpaceX is reportedly negotiating with cellular infrastructure providers for thousands of tower locations after acquiring additional mobile spectrum. Its potential launch of a fourth national wireless carrier could increase pricing pressure, customer-acquisition costs and network investment requirements for T-Mobile. Why T-Mobile US stock dropped
• Negative Sentiment: Citigroup reportedly sees further valuation pressure for established wireless carriers, while tower operators could benefit from SpaceX leasing network infrastructure. This relative advantage for tower companies reinforced concerns about T-Mobile’s competitive position. Citi commentary on SpaceX wireless expansion

T-Mobile US Stock Performance

NASDAQ TMUS opened at $146.54 on Monday. The company has a market capitalization of $157.19 billion, a PE ratio of 15.34, a P/E/G ratio of 0.91 and a beta of 0.33. The company has a fifty day moving average of $170.37 and a 200 day moving average of $180.48. T-Mobile US, Inc. has a 1 year low of $146.32 and a 1 year high of $224.75. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.84 earnings per share. Research analysts forecast that T-Mobile US, Inc. will post 11.17 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $1.17 dividend. 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. This represents a $4.68 annualized dividend and a dividend yield of 3.2%. T-Mobile US’s payout ratio is presently 42.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TMUS. Barclays cut their price objective on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. 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 report on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of T-Mobile US in a research report on Friday, September 11th. JPMorgan Chase & Co. dropped their target price on T-Mobile US from $275.00 to $260.00 and set an “overweight” rating on the stock in a research report on Monday, September 21st. Finally, KeyCorp cut their price target on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” 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 given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $242.21.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares in the company, valued at $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 is available through the SEC website. 0.32% of the stock is currently owned by company 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.