T-Mobile US, Inc. (NASDAQ:TMUS) Stock Holdings Decreased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,758 shares of the Wireless communications provider’s stock after selling 78 shares during the quarter. Gateway Investment Advisers LLC’s holdings in T-Mobile US were worth $310,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Sei Investments Co. increased its stake in shares of T-Mobile US by 3.1% in the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after acquiring an additional 5,552 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of T-Mobile US during the 1st quarter worth about $1,908,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of T-Mobile US by 41.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock worth $2,595,000 after acquiring an additional 4,777 shares in the last quarter. Cerity Partners LLC raised its stake in shares of T-Mobile US by 136.8% in the 4th quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock valued at $10,096,000 after acquiring an additional 36,374 shares in the last quarter. Finally, Cardinal Capital Management Inc. acquired a new stake in T-Mobile US in the 4th quarter worth approximately $29,962,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.3 %

TMUS traded up $0.59 during mid-day trading on Friday, hitting $194.20. The stock had a trading volume of 2,799,922 shares, compared to its average volume of 4,773,502. The stock’s fifty day simple moving average is $179.96 and its 200-day simple moving average is $168.97. The firm has a market capitalization of $227.57 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a 1-year low of $131.47 and a 1-year high of $194.38. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping 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 business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. As a group, research analysts forecast that T-Mobile US, Inc. will post 9.05 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US’s payout ratio is 35.37%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 227,604 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the completion of the transaction, the director now directly owns 673,251,489 shares in the company, valued at $116,236,869,575.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Telekom Ag Deutsche sold 227,604 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the completion of the transaction, the director now directly owns 673,251,489 shares in the company, valued at approximately $116,236,869,575.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $163.20, for a total value of $3,264,000.00. Following the transaction, the chief executive officer now directly owns 458,124 shares of the company’s stock, valued at $74,765,836.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,466,215 shares of company stock valued at $595,726,113. 0.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on TMUS shares. KeyCorp boosted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Scotiabank increased their price objective on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 1st. Barclays increased their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Benchmark lifted their price objective on T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Citigroup raised their target price on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $196.75.

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.