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

Forum Financial Management LP has increased its investment in T-Mobile US, Inc. (NASDAQ: TMUS) by 1.3% during the second quarter of the fiscal year. 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, having acquired an additional 71 shares during the quarter. As of the end of June, these holdings were valued at approximately $1.36 million.

This adjustment in the investment landscape comes as other significant investors also modified their positions in T-Mobile US. Activest Wealth Management notably increased its stake by an extraordinary 9,400% during the first quarter, bringing its total to 95 shares valued at $25,000. Missouri Trust & Investment Co. similarly raised its stake by 807.7%, now owning 118 shares worth $28,000. Other investment firms, including Stone House Investment Management LLC and TCTC Holdings LLC, also acquired new positions or significantly expanded their holdings in T-Mobile US.

Hedge funds and institutional investors collectively own approximately 42.49% of T-Mobile US’s stock, reflecting a strong interest in the telecommunications sector.

Analyst Ratings and Market Performance

Wall Street analysts have expressed optimistic outlooks for T-Mobile US shares. In a report dated September 30, JPMorgan Chase & Co. raised its price target from $280.00 to $300.00 and assigned the stock an “overweight” rating. Similarly, Morgan Stanley increased its target from $265.00 to $285.00, also giving it an “overweight” rating. Scotiabank adjusted its target from $271.50 to $278.00 and rated the stock as a “sector outperform.”

Overall, three analysts have rated T-Mobile US as a Strong Buy, fourteen as Buy, twelve as Hold, and one as Sell. MarketBeat.com indicates that the stock currently holds a consensus rating of “Moderate Buy” with a target price of approximately $266.17.

In terms of stock performance, T-Mobile US opened at $227.40 on Thursday. The company’s 50-day moving average is $240.64, while the 200-day moving average stands at $241.04. Over the past year, the stock has fluctuated between a low of $208.39 and a high of $276.49.

Recent Earnings and Dividend Declaration

T-Mobile US recently reported its quarterly earnings, revealing earnings per share (EPS) of $2.84, surpassing analysts’ expectations of $2.69 by $0.15. The company generated revenues of $21.13 billion for the quarter, exceeding the consensus estimate of $20.99 billion. The firm achieved a net margin of 14.53% and a return on equity of 19.68%, marking a 6.9% increase in revenue compared to the same quarter last year.

Looking ahead, T-Mobile US declared a quarterly dividend of $1.02 per share, set to be paid on December 11, 2024. This dividend represents an annualized yield of 1.8% and reflects an increase from the previous quarterly dividend of $0.88. The payout ratio currently stands at 33.21%.

Recent insider trading activity includes a notable sale by Director Deutsche Telekom AG, who sold 69,840 shares at an average price of $238.61, totaling approximately $16.66 million. Following this transaction, the director retains ownership of 646,613,244 shares valued at nearly $154.29 billion.

As T-Mobile US continues to grow and attract investor interest, its performance and future outlook remain under close observation by both analysts and shareholders alike. The telecommunications provider continues to expand its market presence and enhance shareholder value through strategic decisions and robust financial performance.