DAVENPORT & Co LLC, a reputable financial services firm, has increased its stake in T-Mobile US, Inc. The recent 13F filing with the Securities and Exchange Commission (SEC) indicates that the firm now holds 55,202 shares of the wireless communications provider’s stock. This represents a 24.1% increase from their previous holdings. The additional 10,729 shares were purchased during the second quarter, bringing the total value of &DAVENPORT’s holdings to $7,667,000.
T-Mobile US recently released its quarterly earnings report for the period ending July 27th. The company reported an impressive earnings per share (EPS) of $1.86 for the quarter, surpassing analysts’ consensus estimates of $1.71 by $0.15. Despite slightly lower revenue than expected at $19.20 billion compared to analysts’ forecast of $19.36 billion, T-Mobile US demonstrated positive financial performance.
The return on equity for T-Mobile US stood at 9.02%, solidifying its position as a well-performing business within the industry. Additionally, the company reported a net margin of 7.82%. Although there was a decline of 2.6% in quarterly revenue on a year-over-year basis, it is important to note that during the same period last year, T-Mobile US earned $1.43 per share.
Sell-side analysts are optimistic regarding T-Mobile US and anticipate earnings per share of approximately 7.26 for the current fiscal year.
Investors and market participants should consider this information when evaluating T-Mobile US as a potential investment opportunity or analyzing existing holdings.
For more detailed insights into T-Mobile US and other companies in the telecommunications sector or other industries, interested parties can refer to our latest stock report available on our website or through our associated channels.
Please note that investment decisions should be made based on comprehensive research and analysis tailored to individual financial goals and risk tolerance.
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T-Mobile US Sees Surge in Institutional Investors and Analyst Interest as Stock Shows Promising Potential
In a surprising turn of events, T-Mobile US has seen a significant increase in institutional investors and hedge funds buying and selling shares of the wireless communications provider’s stock. Bank Julius Baer & Co. Ltd Zurich, for instance, has experienced an astronomical growth in its holdings in T-Mobile US, with an increase of 79,040.1% during the second quarter. This translates to the acquisition of 2,270,823 additional shares, bringing their total ownership to 2,273,696 shares worth $315,816,000.
Similarly, ICICI Prudential Asset Management Co Ltd has also expanded its holdings by 4.5% during the same period. They now own 8,158 shares valued at $1,133,000 after acquiring an additional 350 shares. Sycomore Asset Management follows suit with a growth of 12.6% in their holdings. They now possess 92,861 shares worth $12,654,000 after adding an extra 10,372 shares.
Joining these institutional investors is Sabal Trust CO and Signature Estate & Investment Advisors LLC. Sabal Trust CO secured a new position in T-Mobile US with an approximate value of $1 million during the second quarter. Signature Estate & Investment Advisors LLC also acquired new stakes in the company amounting to roughly $2.4 million.
Taken collectively, these institutional investors now represent 42.49% of T-Mobile US’s stock ownership.
The market on Monday saw T-Mobile US stocks open at $140.05 per share—a figure that will undoubtedly captivate analysts and industry enthusiasts alike as they closely monitor future developments in this independent mobile network operator’s trajectory.
With regard to other financial indicators, T-Mobile US bears a debt-to-equity ratio of 1.14—a statistic that may pique investors’ curiosity as they surveil the company’s fiscal soundness going forward. Moreover, it boasts a quick ratio of 0.77 and a current ratio of 0.82, underscoring its ability to meet short-term obligations when evaluated against its cash and other liquid assets.
Meanwhile, the stock’s fifty-day moving average rests at $138.27, while its 200-day moving average stands at $139.74. These figures provide investors with valuable insights into the stock’s recent performance trends.
In terms of market capitalization, T-Mobile US holds a formidable position with a value of $164.76 billion. Coupled with a price-to-earnings (P/E) ratio of 27.90 and a beta of 0.53, the company presents an intriguing opportunity for investors seeking exposure in the wireless communications sector.
Notably, T-Mobile US disclosed valuable information regarding future dividends. The company announced that it will pay out a dividend on Friday, December 15th to stockholders of record as of Friday, December 1st. The sum allocated for this purpose amounts to $0.65 per share—a noteworthy announcement that may elicit further interest from potential investors.
Analysts have also weighed in on T-Mobile US’s potential, offering varying perspectives on the stock’s performance trajectory. Raymond James slashed their price target from $184 to $172 and designated it as a “strong-buy” rating in early September, while TD Cowen raised their price target from $197 to $210 and labeled it as an “outperform” rating at the end of July.
Additionally, StockNews.com initiated coverage on T-Mobile US and provided a “hold” rating in August, while Wolfe Research upgraded their assessment from “peer perform” to “outperform” with a target price set at $160 in June.
Royal Bank of Canada took some cautionary measures by reducing their target price from $172 to $163 but maintained their “outperform” rating in early August.
With two hold ratings, thirteen buy ratings, and one strong buy rating in place, the stock’s consensus rating on Bloomberg currently stands at “Moderate Buy” alongside an average target price of $181.70.
All these developments heavily suggest that T-Mobile US holds significant potential within the wireless communications industry. As its stock continues to garner attention from institutional investors and market analysts, it remains poised for further growth and financial success.
