GAMMA Investing LLC Grows Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

GAMMA Investing LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,390 shares of the Wireless communications provider’s stock after purchasing an additional 1,114 shares during the quarter. GAMMA Investing LLC’s holdings in T-Mobile US were worth $2,293,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. DT Investment Partners LLC grew its holdings in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in T-Mobile US during the 2nd quarter valued at about $27,000. Dunhill Financial LLC grew its stake in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. MFA Wealth Advisors LLC raised its holdings in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in T-Mobile US in the 3rd quarter worth approximately $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the sale, the director now directly owns 4,021 shares in the company, valued at approximately $989,166. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,969 shares of company stock worth $46,656,527 in the last ninety days. 0.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Cowen increased their price target on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Benchmark raised their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays upped their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $247.58.

T-Mobile US Trading Down 0.5 %

Shares of NASDAQ TMUS opened at $219.53 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $254.76 billion, a PE ratio of 25.03, a PEG ratio of 1.18 and a beta of 0.53. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The stock has a fifty day simple moving average of $231.67 and a 200-day simple moving average of $207.39.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

About T-Mobile US

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.