GCM Grosvenor Holdings LLC Sells 76,490 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

GCM Grosvenor Holdings LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 32.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,788 shares of the Wireless communications provider’s stock after selling 76,490 shares during the quarter. T-Mobile US accounts for 4.0% of GCM Grosvenor Holdings LLC’s investment portfolio, making the stock its 6th biggest holding. GCM Grosvenor Holdings LLC’s holdings in T-Mobile US were worth $27,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TMUS. Vanguard Group Inc. lifted its holdings in shares of T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after buying an additional 1,667,778 shares during the period. Wellington Management Group LLP raised its holdings in T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after purchasing an additional 184,059 shares during the last quarter. Putnam Investments LLC raised its holdings in T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TMUS. Scotiabank raised their price target on T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research report on Thursday, September 19th. Evercore ISI lifted their price objective on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Barclays lifted their price objective on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Citigroup boosted their price target on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Benchmark boosted their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday. Eighteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $211.92.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Friday, June 28th. The stock was sold at an average price of $176.82, for a total value of $23,598,574.02. Following the transaction, the director now directly owns 670,278,284 shares in the company, valued at approximately $118,518,606,176.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Friday, June 28th. The stock was sold at an average price of $176.82, for a total value of $23,598,574.02. Following the transaction, the director now directly owns 670,278,284 shares in the company, valued at approximately $118,518,606,176.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 573,414 shares of company stock valued at $107,147,801. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 1.5 %

Shares of T-Mobile US stock opened at $202.46 on Tuesday. The business’s fifty day moving average price is $192.71 and its two-hundred day moving average price is $176.86. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The company has a market capitalization of $237.25 billion, a P/E ratio of 27.55, a PEG 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.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 EPS. As a group, research analysts forecast that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 35.37%.

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.