T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% in the second quarter, HoldingsChannel.com reports. The firm owned 229,254 shares of the Wireless communications provider’s stock after selling 3,000 shares during the quarter. Gabelli Funds LLC’s holdings in T-Mobile US were worth $40,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TMUS. Aveo Capital Partners LLC increased its holdings in shares of T-Mobile US by 6.5% in the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after buying an additional 137 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of T-Mobile US by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 643 shares of the Wireless communications provider’s stock valued at $103,000 after buying an additional 135 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of T-Mobile US by 91.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 43,667 shares of the Wireless communications provider’s stock valued at $7,001,000 after buying an additional 20,901 shares in the last quarter. US Bancorp DE increased its holdings in shares of T-Mobile US by 4.3% in the fourth quarter. US Bancorp DE now owns 106,323 shares of the Wireless communications provider’s stock valued at $17,047,000 after buying an additional 4,404 shares in the last quarter. Finally, TCW Group Inc. bought a new position in shares of T-Mobile US in the fourth quarter valued at $2,817,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the completion of the sale, the director now directly owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the sale, the director now owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The disclosure for this sale can be found here. Insiders sold 706,875 shares of company stock worth $130,909,198 over the last ninety days. Company insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 0.1 %

Shares of NASDAQ:TMUS opened at $199.44 on Friday. The stock has a market capitalization of $233.71 billion, a PE ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $135.82 and a 1 year high of $206.30. The firm has a fifty day moving average price of $192.29 and a 200 day moving average price of $176.53. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the prior year, the company posted $1.86 earnings per share. T-Mobile US’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.76%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is 35.37%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America boosted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Oppenheimer boosted their target price on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. Eighteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $211.92.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.