Forum Financial Management Increases Stake in T-Mobile US by 1.3%

Forum Financial Management LP has raised its position in shares of T-Mobile US, Inc. (NASDAQ: TMUS) by 1.3% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 5,708 shares of the wireless communications provider’s stock, having purchased an additional 71 shares in this period. The value of Forum Financial Management’s holdings in T-Mobile US stood at approximately $1.36 million at the end of the quarter.

Other institutional investors have also made significant adjustments to their stakes in T-Mobile US. Activest Wealth Management increased its investment by an impressive 9,400% in the first quarter, now owning 95 shares valued at $25,000 following the acquisition of 94 additional shares. Missouri Trust & Investment Co lifted its stake by 807.7% in the second quarter, bringing its total to 118 shares worth $28,000. Stone House Investment Management LLC and TCTC Holdings LLC also made new positions, with values of $29,000 and $30,000, respectively.

These movements demonstrate a broader trend, as hedge funds and other institutional investors collectively own 42.49% of T-Mobile US’s stock.

Analysts Predict Growth for T-Mobile US

Several analysts have provided positive outlooks on T-Mobile US shares, with notable upgrades in their price targets. JPMorgan Chase & Co. raised its price target from $280.00 to $300.00, maintaining an “overweight” rating. Similarly, Morgan Stanley increased its target from $265.00 to $285.00 and also granted the stock an “overweight” rating. Scotiabank adjusted its price target from $271.50 to $278.00, rating it as “sector outperform”.

In total, analysts have assigned T-Mobile US a consensus rating of “Moderate Buy” with a target price of $266.17. The ratings breakdown includes three analysts with a “Strong Buy,” fourteen with a “Buy,” twelve with a “Hold,” and one with a “Sell.”

Insider Activity and Company Performance

In related news, T-Mobile US Director Telekom AG Deutsche sold 69,840 shares on July 28, 2023, for a total of approximately $16.66 million. Following this transaction, the director retains ownership of approximately 646.61 million shares in the company, valued at about $154.29 billion. This sale reflects a 0.01% decrease in their position. Over the past 90 days, insiders have sold a total of 2,395,091 shares valued at $578.33 million.

T-Mobile US shares opened at $227.40 on Thursday, reflecting a market capitalization of $255.92 billion. The company’s stock has shown volatility, with a 12-month low of $208.39 and a high of $276.49. The financial health of T-Mobile US is demonstrated by a quick ratio of 1.13, a current ratio of 1.21, and a debt-to-equity ratio of 1.33.

T-Mobile US recently reported its quarterly earnings, revealing an earnings per share (EPS) of $2.84, surpassing analysts’ consensus estimate of $2.69 by $0.15. The company generated $21.13 billion in revenue for the quarter, exceeding expectations of $20.99 billion. The net margin was recorded at 14.53% with a return on equity of 19.68%.

Looking ahead, T-Mobile US announced a quarterly dividend of $1.02 per share, set to be paid on December 11, 2023. This marks an increase from its previous quarterly dividend of $0.88, with the annualized dividend now at $4.08 and a yield of 1.8%. The company’s payout ratio currently stands at 33.21%.

T-Mobile US, Inc., along with its subsidiaries, offers mobile communication services across the United States, Puerto Rico, and the United States Virgin Islands. The company provides a wide range of services, including voice, messaging, and data services, as well as various wireless devices and financing options.