T. Rowe Price Associates, Inc. recently announced the acquisition of new stake in T-Mobile US Inc. (NASDAQ:TMUS). The institutional investor has increased its shareholding in the Communication Services company by 14.07% to 36.3 million shares with purchase of 4.48 million shares. This fresh investment now brings its stake to 3.09% valued currently at $4.95 billion. In addition, SSgA Funds Management, Inc. raised its holdings by 0.87 million to 24.73 million shares. And Geode Capital Management LLC has lifted its position by 0.05% or 6550.0 shares – to 12.07 million shares.
With over 19.54 million T-Mobile US Inc. (TMUS) shares trading Friday and a closing price of $141.93 on the day, the dollar volume was approximately $2.77 billion. The shares have shown a positive half year performance of 0.30% and its price on 09/15/23 lost nearly -0.83%. Currently, there are 1.19B common shares owned by the public and among those 520.80M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 28 analysts who have offered their price forecasts for TMUS have a consensus price objective of $176.53. The analysts have set the share’s price value over the next 12 months at a high of $210.00 and a low of $148.00. The average price target is 19.84% above its recent price level and an upside to the estimated low will see the stock gain 4.1% over that period. But an upside of 32.41% will see the stock hit the forecast high price target while median target price for the stock is $175.00.
Insiders at the company have transacted a total of 94 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 21,050,705 shares. Insider sales of the common stock occurred on 62 occasions, with total insider shares sold totaling 21,150,596 shares.
The top 3 mutual fund holders in T-Mobile US Inc. are Invesco QQQ Trust, Government Pension Fund – Global, and Vanguard Total Stock Market ETF. Invesco QQQ Trust owns 20.21 million shares of the company’s stock, all valued at over $2.75 billion. The company bought an additional 3718.0 shares recently to bring their total holdings to about 1.72% of the shares outstanding. Government Pension Fund – Global sold -3.24 million shares to see its total holdings shrink to 20.07 million shares valued at over $2.73 billion and representing 1.71% of the shares outstanding. Vanguard Total Stock Market ETF sold 1523.0 shares to bring its total holdings to over 18.68 million shares at a value of $2.55 billion. Vanguard Total Stock Market ETF now owns shares totaling to 1.59% of the shares outstanding.
Shares of T-Mobile US Inc. (NASDAQ: TMUS) opened at $143.97, up $0.85 from a prior closing price of $143.12. However, the script later moved the day high at 144.93, down -0.83%. The company’s stock has a 5-day price change of 3.12% and 6.91% over the past three months. It has a 12-month low price of $124.92 and touched a high of $154.38 over the same period. TMUS has an average intraday trading volume of 4.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.60%, 2.81%, and 0.22% respectively.
Institutional ownership of T-Mobile US Inc. (NASDAQ: TMUS) shares accounts for 42.60% of the company’s 1.19B shares outstanding. Mutual fund holders own 25.18%, while other institutional holders and individual stakeholders account for 88.61% and 16.66% respectively.
It has a market capitalization of $168.37B and a beta (3y monthly) value of 0.55. The stock’s trailing 12-month PE ratio is 26.86, while the earnings-per-share (ttm) stands at $5.29. The company has a PEG of 0.39 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 1.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.96% over the week and 1.86% over the month.
Analysts forecast that T-Mobile US Inc. (TMUS) will achieve an EPS of $1.96 for the current quarter, $1.95 for the next quarter and $9.88 for 2024. The lowest estimate earnings-per-share for the quarter is $1.65 while analysts give the company a high EPS estimate of $2.22. Comparatively, EPS for the current quarter was $0.4 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.80%, and 34.36% over the next financial year. EPS should grow at an annualized rate of 68.35% over the next five years, compared to -2.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 28 brokerage firm advisors rate T-Mobile US Inc. (TMUS) as a “Strong Buy” at a consensus score of 1.90. Specifically, 25 Wall Street analysts polled rate the stock as a buy, while 2 of the 28 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TMUS, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on June 08, 2023, with the firm’s price target at $160.