Gabelli Funds LLC Has $37.35 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Gabelli Funds LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 232,954 shares of the Wireless communications provider’s stock after selling 4,400 shares during the period. Gabelli Funds LLC’s holdings in T-Mobile US were worth $37,350,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Great Lakes Advisors LLC bought a new stake in T-Mobile US during the third quarter worth $1,260,000. Kingsview Wealth Management LLC boosted its stake in T-Mobile US by 7.9% in the third quarter. Kingsview Wealth Management LLC now owns 3,692 shares of the Wireless communications provider’s stock valued at $517,000 after buying an additional 271 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in T-Mobile US by 48.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 16,345 shares of the Wireless communications provider’s stock valued at $2,289,000 after acquiring an additional 5,341 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in T-Mobile US during the third quarter worth about $4,954,000. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in shares of T-Mobile US by 106.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 5,472 shares of the Wireless communications provider’s stock worth $766,000 after acquiring an additional 2,821 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Tigress Financial upped their price objective on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. StockNews.com downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada raised their price objective on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Citigroup upped their target price on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, KeyCorp increased their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $186.33.

Get Our Latest Stock Analysis on T-Mobile US

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now owns 125,687 shares in the company, valued at approximately $20,514,632.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,903 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the sale, the director now directly owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the transaction, the insider now owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,865,711 shares of company stock valued at $1,121,805,478. Company insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 1.3 %

T-Mobile US stock traded up $2.36 during mid-day trading on Wednesday, hitting $180.27. 8,973,335 shares of the stock were exchanged, compared to its average volume of 4,651,214. The stock has a market capitalization of $211.25 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 0.67 and a beta of 0.50. T-Mobile US, Inc. has a 12 month low of $126.05 and a 12 month high of $181.17. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The firm’s fifty day simple moving average is $164.41 and its two-hundred day simple moving average is $161.51.

T-Mobile US (NASDAQ:TMUSGet Free Report) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. T-Mobile US’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.44%. T-Mobile US’s payout ratio is currently 35.37%.

About T-Mobile US

(Free Report)

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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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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