Rakuten Investment Management Inc. Purchases 18,369 Shares of T-Mobile US, Inc. $TMUS

Rakuten Investment Management Inc. grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,970 shares of the Wireless communications provider’s stock after buying an additional 18,369 shares during the quarter. Rakuten Investment Management Inc.’s holdings in T-Mobile US were worth $29,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Third View Private Wealth LLC increased its position in shares of T-Mobile US by 39.8% during the 3rd quarter. Third View Private Wealth LLC now owns 25,278 shares of the Wireless communications provider’s stock valued at $4,122,000 after purchasing an additional 7,191 shares during the last quarter. Provenance Wealth Advisors LLC raised its stake in shares of T-Mobile US by 7,084.2% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,365 shares of the Wireless communications provider’s stock worth $223,000 after purchasing an additional 1,346 shares during the period. Associated Banc Corp purchased a new position in shares of T-Mobile US in the 3rd quarter worth about $6,872,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of T-Mobile US by 3.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 59,341 shares of the Wireless communications provider’s stock worth $9,677,000 after buying an additional 2,109 shares during the last quarter. Finally, Summit Wealth Group LLC Co. purchased a new position in shares of T-Mobile US in the 3rd quarter worth about $1,006,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several research reports. Royal Bank Of Canada reduced their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Wells Fargo & Company lowered their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Friday, July 24th. The Goldman Sachs Group dropped their target price on shares of T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, September 25th. Benchmark reduced their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Wolfe Research lowered shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.25.

Insiders Place Their Bets

In other 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 value of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.

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

T-Mobile US Stock Down 3.6%

Shares of NASDAQ TMUS opened at $154.41 on Wednesday. T-Mobile US, Inc. has a one year low of $143.75 and a one year high of $224.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. The business’s fifty day moving average price is $166.10 and its 200-day moving average price is $186.58. The stock has a market capitalization of $163.56 billion, a PE ratio of 14.90, a P/E/G ratio of 0.93 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, topping 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 company had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the company earned $2.41 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 11.44 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a yield of 3.0%. 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 payout ratio is currently 39.38%.

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.