Gabelli Funds LLC Sells 8,350 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Gabelli Funds LLC cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 218,954 shares of the Wireless communications provider's stock after selling 8,350 shares during the quarter. Gabelli Funds LLC's holdings in T-Mobile US were worth $48,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Rakuten Securities Inc. boosted its stake in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in T-Mobile US in the fourth quarter worth $28,000. Financial Life Planners bought a new position in shares of T-Mobile US during the fourth quarter worth $29,000. Bruce G. Allen Investments LLC grew its holdings in shares of T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after buying an additional 73 shares during the period. Finally, Albion Financial Group UT bought a new stake in shares of T-Mobile US in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Performance

TMUS traded up $2.40 on Friday, reaching $262.04. The company had a trading volume of 3,488,338 shares, compared to its average volume of 4,234,419. The stock has a market cap of $299.18 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a fifty-two week low of $160.62 and a fifty-two week high of $276.49. The company's fifty day moving average is $261.54 and its 200 day moving average is $239.03.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, analysts predict that T-Mobile US, Inc. will post 10.37 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 Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is 36.40%.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Royal Bank of Canada lifted their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Tigress Financial reaffirmed a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Oppenheimer increased their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $256.80.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.