Gamco Investors INC. ET AL Decreases Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Gamco Investors INC. ET AL decreased its holdings in T-Mobile US, Inc. by 22.4%, owning 71,829 shares valued at approximately $19.16 million after selling 20,722 shares in the first quarter.
• Multiple hedge funds, including FORA Capital LLC and Caisse DE Depot ET Placement DU Quebec, increased their positions, indicating a mixed sentiment in institutional ownership.
• Analysts have varied opinions on T-Mobile US, with price targets ranging from $200.00 to $285.00, while the stock currently has a consensus rating of "Moderate Buy."

Gamco Investors INC. ET AL trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 22.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,829 shares of the Wireless communications provider's stock after selling 20,722 shares during the quarter. Gamco Investors INC. ET AL's holdings in T-Mobile US were worth $19,158,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

TMUS has been the subject of several research analyst reports. Morgan Stanley increased their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $251.32, for a total transaction of $17,552,188.80. Following the sale, the director owned 635,782,844 shares of the company's stock, valued at $159,784,944,354.08. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $251.12, for a total transaction of $627,800.00. Following the sale, the insider directly owned 158,703 shares in the company, valued at $39,853,497.36. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,278,730 shares of company stock valued at $540,242,549 in the last 90 days. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

TMUS opened at $251.20 on Wednesday. T-Mobile US, Inc. has a 12-month low of $192.61 and a 12-month high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $282.71 billion, a PE ratio of 23.70, a P/E/G ratio of 1.38 and a beta of 0.62. The firm has a 50 day moving average of $238.99 and a two-hundred day moving average of $248.08.

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

T-Mobile US Dividend Announcement

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

T-Mobile US 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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