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

Gabelli Funds LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TMUS. WASHINGTON TRUST Co boosted its holdings in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the second quarter worth $27,000. Westside Investment Management Inc. boosted its holdings in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US in the second quarter valued at $30,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TMUS shares. Morgan Stanley lifted their target price on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Scotiabank lifted their target price on T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a report on Thursday. Tigress Financial lifted their target price on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Bank of America boosted their price objective on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Eighteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $211.92.

T-Mobile US Stock Down 0.1 %

Shares of T-Mobile US stock opened at $199.44 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a market cap of $233.71 billion, a P/E ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $206.30. The business has a 50-day moving average price of $192.29 and a 200 day moving average price of $176.53.

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

T-Mobile US Increases Dividend

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

Insider Activity

In other news, Director Raul Marcelo Claure sold 2,706 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the transaction, the director now directly owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the completion of the transaction, the director now directly owns 670,812,128 shares in the company, valued at $119,431,391,269.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the transaction, the director now owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 706,875 shares of company stock valued at $130,909,198. 0.67% of the stock is currently owned by insiders.

About T-Mobile US

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.