GAMMA Investing LLC Trims Position in T-Mobile US, Inc. $TMUS

GAMMA Investing LLC cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 19.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,042 shares of the Wireless communications provider’s stock after selling 2,966 shares during the period. GAMMA Investing LLC’s holdings in T-Mobile US were worth $2,020,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Canandaigua National Bank & Trust Co. purchased a new position in shares of T-Mobile US during the 2nd quarter valued at $1,524,000. Moody National Bank Trust Division boosted its stake in T-Mobile US by 2.1% during the second quarter. Moody National Bank Trust Division now owns 3,721 shares of the Wireless communications provider’s stock valued at $624,000 after buying an additional 76 shares during the last quarter. CGN Advisors LLC increased its position in T-Mobile US by 0.6% in the second quarter. CGN Advisors LLC now owns 10,909 shares of the Wireless communications provider’s stock worth $1,830,000 after purchasing an additional 64 shares during the last quarter. Stableford Capital II LLC increased its holdings in shares of T-Mobile US by 28.7% in the 2nd quarter. Stableford Capital II LLC now owns 10,467 shares of the Wireless communications provider’s stock worth $1,756,000 after buying an additional 2,335 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in T-Mobile US by 23.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 15,138 shares of the Wireless communications provider’s stock worth $2,539,000 after acquiring an additional 2,922 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TMUS. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Monday, July 6th. UBS Group cut their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Barclays decreased their price objective on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

Insider Activity at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

T-Mobile US Trading Up 3.8%

Shares of NASDAQ:TMUS opened at $179.97 on Friday. The company has a market capitalization of $193.05 billion, a PE ratio of 18.85, a P/E/G ratio of 0.98 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.56. The business’s fifty day simple moving average is $182.05 and its 200-day simple moving average is $194.53.

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 for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $22.95 billion. During the same period in the prior year, the business posted $2.84 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.72 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company 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. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is presently 42.72%.

T-Mobile US Company 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.