Summit Wealth Group LLC Co. Makes New $1.01 Million Investment in T-Mobile US, Inc. $TMUS

Summit Wealth Group LLC Co. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,169 shares of the Wireless communications provider’s stock, valued at approximately $1,006,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Sachetta LLC grew its stake in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in T-Mobile US by 1.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock valued at $812,000 after purchasing an additional 56 shares during the last quarter. Heartland Bank & Trust Co lifted its holdings in T-Mobile US by 3.5% in the 1st quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider’s stock worth $387,000 after buying an additional 62 shares during the period. CGN Advisors LLC lifted its holdings in T-Mobile US by 0.6% in the 2nd quarter. CGN Advisors LLC now owns 10,909 shares of the Wireless communications provider’s stock worth $1,830,000 after buying an additional 64 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in T-Mobile US by 0.5% in the 3rd quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider’s stock worth $1,975,000 after buying an additional 66 shares during the period. 42.49% of the stock is owned by institutional investors.

More T-Mobile US News

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

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US 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 completion of the transaction, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TMUS shares. Moffett Nathanson lifted their price objective 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. Royal Bank Of Canada decreased their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Monday, September 28th. UBS Group cut their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Benchmark reduced their price objective 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. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $238.25.

T-Mobile US Price Performance

Shares of TMUS stock opened at $154.41 on Wednesday. The stock has a market cap of $163.56 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.93 and a beta of 0.40. The business’s fifty day moving average is $166.10 and its 200 day moving average is $186.58. T-Mobile US, Inc. has a twelve month low of $143.75 and a twelve month high of $224.75. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.45.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 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 analyst estimates of $23.15 billion. During the same quarter last year, the firm posted $2.41 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 11.44 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be paid a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 3.0%. The ex-dividend date 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 (DPR) is 39.38%.

T-Mobile US Company Profile

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.