SevenBridge Financial Group LLC Grows Stock Position in T-Mobile US, Inc. $TMUS

SevenBridge Financial Group LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 44.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,134 shares of the Wireless communications provider’s stock after acquiring an additional 4,382 shares during the period. SevenBridge Financial Group LLC’s holdings in T-Mobile US were worth $2,969,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JDM Financial Group LLC lifted its stake in shares of T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Swiss RE Ltd. acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $29,000. Turning Point Benefit Group Inc. raised its holdings in T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 153 shares during the period. Acumen Wealth Advisors LLC purchased a new stake in T-Mobile US in the 4th quarter valued at about $36,000. Finally, United Community Bank lifted its position in T-Mobile US by 78.8% in the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andre Almeida acquired 5,097 shares of the stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the transaction, the insider owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. This represents a 12.82% increase in their position. The SEC filing for this purchase provides additional information. 0.32% of the stock is currently owned by insiders.

Trending Headlines about T-Mobile US

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

• Positive Sentiment: TMUS continues to be viewed favorably by some analysts, with recent coverage calling it a strong value stock and brokerage sentiment remaining around “Moderate Buy.” Here’s Why T-Mobile (TMUS) is a Strong Value Stock
• Neutral Sentiment: Some of the selling appears sector-wide, as telecom peers Verizon and AT&T are also weakening on the same Starlink and Comcast-related headlines. Starlink’s Mobile Threat: Why Verizon, AT&T, and T-Mobile Are Tanking Today
• Negative Sentiment: Reports that SpaceX is considering a consumer mobile push, and possibly a partnership structure that could bypass existing carriers, are raising fears of future competition for TMUS’s core wireless business. SpaceX Might Bring Mobile Phone to Market, and Verizon, AT&T, and T-Mobile Are Down
• Negative Sentiment: Investors are also weighing T-Mobile’s legacy-plan changes, which may boost revenue but could trigger customer pushback and higher churn. T-Mobile US Slides as Starlink Mobile Threat and Legacy-Plan Changes Weigh on Sentiment

T-Mobile US Trading Down 4.8%

Shares of TMUS stock opened at $173.97 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $169.00 and a fifty-two week high of $261.56. The company has a 50 day moving average price of $187.78 and a 200 day moving average price of $197.69. The stock has a market capitalization of $188.27 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 1.06 and a beta of 0.31. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.58 EPS. Equities research analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TMUS. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Arete Research increased their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. TD Cowen lifted their target price on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, UBS Group decreased their price target on T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $260.27.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.