Gamco Investors INC. ET AL Sells 3,063 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Gamco Investors INC. ET AL trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.2% in the 4th quarter, HoldingsChannel reports. The firm owned 92,551 shares of the Wireless communications provider’s stock after selling 3,063 shares during the quarter. Gamco Investors INC. ET AL’s holdings in T-Mobile US were worth $20,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC increased its stake in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after acquiring an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new position in T-Mobile US in the fourth quarter worth about $1,552,000. Trust Co. of Vermont increased its stake in T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after acquiring an additional 2,865 shares during the last quarter. Rice Partnership LLC bought a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $7,678,000. Finally, Exchange Traded Concepts LLC raised its holdings in T-Mobile US by 737.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock valued at $12,476,000 after buying an additional 49,775 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent analyst reports. Bank of America increased their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Scotiabank raised their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Oppenheimer upped their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.80.

T-Mobile US Price Performance

NASDAQ TMUS opened at $266.71 on Wednesday. The company has a market cap of $304.51 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock’s fifty day moving average price is $261.08 and its 200 day moving average price is $238.12. T-Mobile US, Inc. has a 1 year low of $159.14 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.32%. T-Mobile US’s payout ratio is currently 36.40%.

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.