Atalanta Sosnoff Capital LLC Has $80.97 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Atalanta Sosnoff Capital LLC lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 366,814 shares of the Wireless communications provider's stock after selling 5,882 shares during the period. T-Mobile US makes up 1.8% of Atalanta Sosnoff Capital LLC's investment portfolio, making the stock its 16th largest holding. Atalanta Sosnoff Capital LLC's holdings in T-Mobile US were worth $80,967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its holdings in T-Mobile US by 0.4% in the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after buying an additional 41 shares in the last quarter. JSF Financial LLC boosted its position in T-Mobile US by 0.9% during the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock worth $1,117,000 after acquiring an additional 44 shares during the period. D Orazio & Associates Inc. grew its stake in shares of T-Mobile US by 3.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock worth $290,000 after purchasing an additional 47 shares in the last quarter. Warren Street Wealth Advisors LLC grew its stake in shares of T-Mobile US by 4.3% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock worth $252,000 after purchasing an additional 47 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC increased its holdings in shares of T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock valued at $284,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent analyst reports. Barclays increased their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Finally, Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Stock Down 0.2 %

Shares of TMUS traded down $0.58 during trading hours on Monday, reaching $248.30. The company's stock had a trading volume of 2,310,371 shares, compared to its average volume of 4,241,025. The company has a 50 day moving average of $257.82 and a two-hundred day moving average of $242.08. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market cap of $281.93 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 1-year low of $161.61 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 EPS. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on 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 directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Company 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.