Gateway Investment Advisers LLC Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Gateway Investment Advisers LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the 2nd quarter, Holdings Channel reports. The firm 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 Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. Vanguard Group Inc. lifted its holdings in shares of T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after buying an additional 1,667,778 shares during the period. Norges Bank acquired a new position in T-Mobile US in the fourth quarter valued at approximately $3,338,708,000. Wellington Management Group LLP boosted its position in T-Mobile US by 200.0% in the 4th 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock valued at $682,699,000 after purchasing an additional 23,800 shares in the last quarter. Finally, Putnam Investments LLC increased its holdings in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after buying an additional 1,682,743 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Dara Bazzano sold 4,300 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The disclosure for this sale can be found here. Insiders have sold 3,466,215 shares of company stock worth $595,726,113 over the last three months. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TMUS. Scotiabank raised their target price on T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 1st. Citigroup lifted their price target on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, KeyCorp increased their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Buy” and a consensus target price of $196.75.

T-Mobile US Trading Up 0.3 %

Shares of NASDAQ:TMUS traded up $0.59 during midday trading on Friday, reaching $194.20. 2,799,922 shares of the company’s stock were exchanged, compared to its average volume of 4,773,502. The stock has a market cap of $227.57 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $194.38. The firm’s 50 day simple moving average is $179.96 and its two-hundred day simple moving average is $168.97. 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 posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter last year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 9.05 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio is currently 35.37%.

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.