Atalanta Sosnoff Capital LLC Sells 2,754 Shares of T-Mobile US, Inc. $TMUS

Atalanta Sosnoff Capital LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 182,979 shares of the Wireless communications provider’s stock after selling 2,754 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in T-Mobile US were worth $37,152,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JDM Financial Group LLC increased its stake in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Swiss RE Ltd. purchased a new position in shares of T-Mobile US during the fourth quarter valued at $29,000. Turning Point Benefit Group Inc. increased its stake in shares of T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 153 shares during the period. United Community Bank increased its stake in shares of T-Mobile US by 78.8% during the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 82 shares during the period. Finally, Ares Financial Consulting LLC purchased a new position in shares of T-Mobile US during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andre Almeida purchased 5,097 shares of the company’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the purchase, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.32% of the company’s stock.

T-Mobile US Stock Up 1.8%

T-Mobile US stock opened at $189.10 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The business’s 50-day simple moving average is $191.00 and its two-hundred day simple moving average is $199.70. The company has a market cap of $204.64 billion, a PE ratio of 20.12, a PEG ratio of 1.08 and a beta of 0.31. T-Mobile US, Inc. has a fifty-two week low of $174.02 and a fifty-two week high of $261.56.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.58 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 29th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 29th. T-Mobile US’s payout ratio is presently 43.40%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. TD Cowen raised their price target on T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a research note on Wednesday, April 29th. UBS Group reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Finally, KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.48.

Read Our Latest Analysis on T-Mobile US

Key Stories Impacting T-Mobile US

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T-Mobile US Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUSFree Report).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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