T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 41.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,240 shares of the Wireless communications provider’s stock after buying an additional 2,120 shares during the period. GAMMA Investing LLC’s holdings in T-Mobile US were worth $1,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of T-Mobile US during the fourth quarter worth about $3,338,708,000. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. Putnam Investments LLC lifted its position in shares of T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup raised their price target on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price target on the stock. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada raised their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $196.75.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $1.69 during trading on Friday, hitting $188.76. The company had a trading volume of 7,922,756 shares, compared to its average volume of 4,072,309. The company has a market cap of $220.24 billion, a P/E ratio of 25.68, a PEG ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a 52 week low of $131.47 and a 52 week high of $193.77. The business’s 50-day moving average is $177.82 and its 200 day moving average is $168.07. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Equities research analysts predict that T-Mobile US, Inc. will post 9.05 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Insiders Place Their Bets

In other T-Mobile US news, insider Jon Freier sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total transaction of $3,287,600.00. Following the transaction, the insider now directly owns 172,628 shares in the company, valued at approximately $28,376,590.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Jon Freier sold 20,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total transaction of $3,287,600.00. Following the transaction, the insider now directly owns 172,628 shares in the company, valued at approximately $28,376,590.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at $1,114,995.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,019,788 shares of company stock worth $685,706,726. Corporate insiders own 0.67% of the company’s stock.

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.