Summit Wealth Group LLC Co. Purchases 6,169 Shares of T-Mobile US, Inc. $TMUS

Summit Wealth Group LLC Co. purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 6,169 shares of the Wireless communications provider’s stock, valued at approximately $1,006,000.

Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in T-Mobile US during the 2nd quarter valued at about $6,625,275,000. Bank of New York Mellon Corp purchased a new position in T-Mobile US in the second quarter worth about $839,194,000. Bank of America Corp DE purchased a new position in T-Mobile US in the second quarter worth about $758,977,000. Legal & General Group Plc bought a new position in shares of T-Mobile US in the second quarter worth approximately $583,675,000. Finally, Deutsche Bank AG bought a new position in shares of T-Mobile US in the second quarter worth approximately $349,928,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, September 25th. Raymond James Financial upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a research note on Monday, October 12th. Wolfe Research lowered T-Mobile US from an “outperform” rating to a “peer perform” rating in a report on Friday, August 14th. Royal Bank Of Canada decreased their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, Citigroup lowered their price target on T-Mobile US from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.25.

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction 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 sale, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $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 is available at this link. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Stock Down 3.6%

Shares of T-Mobile US stock opened at $154.41 on Wednesday. The company has a market cap of $163.56 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.93 and a beta of 0.40. The company’s 50 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 posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.33. The business had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 EPS. Research analysts anticipate that T-Mobile US, Inc. will post 11.44 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $1.17 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 3.0%. 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.