T-Mobile US, Inc. $TMUS Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.0% during the 1st quarter, Holdings Channel reports. The fund owned 60,537 shares of the Wireless communications provider’s stock after selling 7,488 shares during the quarter. Gamco Investors INC. ET AL’s holdings in T-Mobile US were worth $12,715,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares in the last quarter. State Street Corp lifted its position in T-Mobile US by 4.3% in the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after purchasing an additional 1,047,624 shares during the period. Capital International Investors boosted its holdings in T-Mobile US by 8.2% in the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after purchasing an additional 1,121,409 shares in the last quarter. Invesco Ltd. boosted its holdings in T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after purchasing an additional 827,381 shares in the last quarter. Finally, Norges Bank acquired a new position in T-Mobile US during the 4th quarter worth approximately $1,335,918,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Arete Research increased their target price on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. TD Cowen decreased their price target on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday. Scotiabank cut their price objective on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. Moffett Nathanson upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price objective for the company in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company reduced their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.88.

More T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

T-Mobile US Stock Up 5.7%

TMUS stock opened at $180.09 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.97. The company’s 50 day simple moving average is $184.53 and its 200-day simple moving average is $195.66. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The firm has a market capitalization of $194.89 billion, a PE ratio of 18.86, a P/E/G ratio of 1.06 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the previous year, the firm posted $2.84 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.