Gabelli Funds LLC increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,004 shares of the Wireless communications provider’s stock after buying an additional 13,000 shares during the period. Gabelli Funds LLC’s holdings in T-Mobile US were worth $35,142,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in T-Mobile US by 21.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,011,991 shares of the Wireless communications provider’s stock valued at $129,888,000 after buying an additional 180,468 shares during the period. Sei Investments Co. raised its position in T-Mobile US by 50.6% during the first quarter. Sei Investments Co. now owns 230,598 shares of the Wireless communications provider’s stock valued at $29,603,000 after purchasing an additional 77,518 shares in the last quarter. Prudential PLC acquired a new position in T-Mobile US during the first quarter valued at approximately $1,649,000. Cetera Investment Advisers lifted its stake in T-Mobile US by 12.2% during the first quarter. Cetera Investment Advisers now owns 23,619 shares of the Wireless communications provider’s stock worth $3,031,000 after purchasing an additional 2,574 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of T-Mobile US by 105.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,796 shares of the Wireless communications provider’s stock valued at $487,000 after purchasing an additional 1,951 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TMUS. Barclays upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 8th. StockNews.com assumed coverage on shares of T-Mobile US in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Royal Bank of Canada upped their price target on shares of T-Mobile US from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on T-Mobile US from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, September 22nd. Finally, TD Cowen upped their target price on T-Mobile US from $197.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.06.
In other T-Mobile US news, insider Ulf Ewaldsson sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $144.02, for a total value of $2,880,400.00. Following the completion of the sale, the insider now directly owns 36,727 shares in the company, valued at $5,289,422.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other T-Mobile US news, insider Ulf Ewaldsson sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $144.02, for a total value of $2,880,400.00. Following the transaction, the insider now owns 36,727 shares in the company, valued at $5,289,422.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $147.50, for a total value of $73,750.00. Following the sale, the director now owns 4,564 shares of the company’s stock, valued at approximately $673,190. The disclosure for this sale can be found here. Insiders sold 67,953 shares of company stock worth $9,886,781 in the last quarter. 0.70% of the stock is owned by corporate insiders.
T-Mobile US Trading Up 0.1 %
TMUS stock traded up $0.22 during midday trading on Friday, hitting $147.71. The stock had a trading volume of 3,268,019 shares, compared to its average volume of 4,638,642. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.19. The business has a fifty day moving average price of $142.20 and a two-hundred day moving average price of $138.94. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $153.36. The firm has a market cap of $170.82 billion, a P/E ratio of 22.94 and a beta of 0.53.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its earnings results on Wednesday, October 25th. The Wireless communications provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.75 by $0.07. T-Mobile US had a return on equity of 11.65% and a net margin of 9.93%. The company had revenue of $19.25 billion for the quarter, compared to analyst estimates of $19.35 billion. On average, sell-side analysts predict that T-Mobile US, Inc. will post 7.13 earnings per share for the current fiscal year.
T-Mobile US Dividend Announcement
The business also recently disclosed a — dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, November 30th.
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; leasing through JUMP! On Demand; and High Speed Internet services.
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