AXQ Capital LP Acquires 6,118 Shares of T-Mobile US, Inc.

AXQ Capital LP has announced its acquisition of a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, as disclosed in the firm’s recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,118 shares of the wireless communications company's stock, which amounts to a valuation of approximately $1,350,000. As it stands, T-Mobile US constitutes about 0.6% of AXQ Capital LP's total portfolio, placing it as the 26th largest holding in their investments.

Investor Activity in T-Mobile US

In addition to AXQ Capital LP, several other institutional investors have also been active in purchasing and selling T-Mobile US shares. For instance, Dunhill Financial LLC increased its stake in T-Mobile by 76.7% in the third quarter, now owning 129 shares valued at $27,000 after acquiring an additional 56 shares recently. Similarly, Rakuten Securities Inc. grew its position by 93.9% in the fourth quarter, now holding 128 shares worth around $28,000 after acquiring 62 shares in the last quarter. Financial Life Planners and Legacy Investment Solutions LLC have also made new investments, with the latter's position valued at $34,000. Bruce G. Allen Investments LLC increased its stake by 79.3% in the same quarter, owning 165 shares valued at $36,000 after purchasing 73 additional shares. Overall, institutional investors now own approximately 42.49% of T-Mobile US's shares.

Analysts Set Price Targets

Several analysts have recently provided insights and price targets for T-Mobile US. Sanford C. Bernstein initiated coverage with a new market rating, setting a price target of $265. Additionally, Evercore ISI upgraded its rating to a "strong-buy" on January 23rd. KeyCorp made a downward adjustment in their rating, moving T-Mobile US from "overweight" to "sector weight," setting a price target of $252. On the other hand, JPMorgan Chase & Co. raised their price objective from $265 to $270 while maintaining an "overweight" rating. Furthermore, Wells Fargo & Company's report on February 26th reiterated an "equal weight" rating on T-Mobile US shares. Currently, ten investment analysts have assigned a hold rating, twelve a buy rating, and two have awarded a strong buy rating, resulting in an average rating of "Moderate Buy" with a target price of $255.80 per share based on MarketBeat.com data.

Insider Trading Activity

In recent news concerning T-Mobile US, Director Srikant M. Datar sold 730 shares of the company's stock on March 5th, at an average price of $263.00, totaling $191,990. Following this sale, the director's remaining shares amount to 3,291, valued at approximately $865,533. This transaction represented an 18.15% decrease in the director's holdings. Relevant disclosures regarding this transaction have been filed with the SEC and are accessible for public review. Currently, company insiders hold about 0.67% of T-Mobile US's stock.

T-Mobile US Stock Performance

The stock opened at $255.84 on the latest trading session. T-Mobile US has experienced a 52-week low of $158.84 and a high of $276.49. The company features a debt-to-equity ratio of 1.28, with a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile's market capitalization stands at $292.10 billion, boasting a P/E ratio of 26.46 and a P/E/G ratio of 1.55, with a beta value of 0.64. Over the last 50 days, the stock has had a moving average price of $248.19 and a 200-day average of $230.36. In T-Mobile US's quarterly earnings report released January 29th, the company reported earnings per share (EPS) of $2.57, exceeding analysts' expectations of $2.15 by $0.42. The company's return on equity is 18.09%, with a net margin of 13.93%. Predictions from analysts suggest that T-Mobile US, Inc. will record an EPS of 10.37 for the current fiscal year.

Dividend Announcement

T-Mobile US also declared a quarterly dividend, which will be distributed to shareholders this coming June 22nd. Record holders as of May 30th will receive a dividend payout of $0.88 per share, translating to an annualized rate of $3.52 and a dividend yield of 1.38%. The ex-dividend date is set for May 30th, and T-Mobile US's dividend payout ratio is currently at 36.40%.

Company Overview

T-Mobile US, Inc., along with its subsidiaries, offers mobile communication services across the United States, Puerto Rico, and the United States Virgin Islands. Their services encompass voice, messaging, and data offerings for customers, including postpaid, prepaid, and wholesale segments. The company additionally provides wireless devices like smartphones and tablets, along with accessories and financing options.

Investment, Acquisition, Stock