Gabelli Funds LLC Lowers Position in T-Mobile US, Inc. $TMUS

Key Points

• Gabelli Funds LLC has reduced its position in T-Mobile US, Inc. by 14.1%, owning 188,144 shares valued at $50.18 million after selling 30,810 shares in the first quarter.
• T-Mobile US reported a quarterly EPS of $2.84, exceeding analyst expectations, with a revenue of $21.13 billion showing a 6.9% year-over-year increase.
• The company announced a quarterly dividend of $0.88 per share, which will be paid on September 11th, representing an annualized yield of 1.4%.

Gabelli Funds LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 188,144 shares of the Wireless communications provider's stock after selling 30,810 shares during the quarter. Gabelli Funds LLC's holdings in T-Mobile US were worth $50,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FORA Capital LLC purchased a new position in T-Mobile US during the 1st quarter valued at about $4,897,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of T-Mobile US by 34.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 41,829 shares of the Wireless communications provider's stock worth $11,156,000 after acquiring an additional 10,747 shares in the last quarter. Bank of Hawaii acquired a new stake in shares of T-Mobile US during the 1st quarter worth about $234,000. Apexium Financial LP acquired a new position in T-Mobile US during the first quarter worth approximately $202,000. Finally, ICONIQ Capital LLC acquired a new position in T-Mobile US during the first quarter worth approximately $215,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $251.74 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The business has a 50 day moving average price of $238.40 and a two-hundred day moving average price of $248.05. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a market cap of $283.31 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.49 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Buying and Selling

In related news, CEO G Michael Sievert sold 22,500 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the sale, the chief executive officer owned 358,722 shares of the company's stock, valued at approximately $91,682,168.76. This trade represents a 5.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $251.32, for a total value of $17,552,188.80. Following the completion of the sale, the director directly owned 635,782,844 shares in the company, valued at approximately $159,784,944,354.08. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,278,730 shares of company stock valued at $540,242,549. Insiders own 0.37% of the company's stock.

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.

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