Atria Wealth Solutions Inc. Sells 2,510 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in T-Mobile US, Inc. by 14.8%, selling 2,510 shares and now holding 14,495 shares valued at approximately $3.87 million.
• Analysts have varied outlooks on T-Mobile US, with target prices ranging from $200.00 to $305.00 and a consensus rating of "Moderate Buy."
• T-Mobile US recently announced a quarterly dividend of $0.88 per share, with a yield of 1.4%, set to be paid on September 11th.

Atria Wealth Solutions Inc. lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,495 shares of the Wireless communications provider's stock after selling 2,510 shares during the period. Atria Wealth Solutions Inc.'s holdings in T-Mobile US were worth $3,866,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. lifted its stake in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. TCTC Holdings LLC lifted its stake in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Adirondack Trust Co. lifted its stake in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares during the last quarter. City Holding Co. lifted its stake in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares during the last quarter. Finally, Pinney & Scofield Inc. bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $39,000. Institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Tigress Financial boosted their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. KeyCorp reissued an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, Morgan Stanley boosted their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Stock Performance

TMUS stock opened at $242.93 on Friday. The stock has a market capitalization of $273.40 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a 12-month low of $190.00 and a 12-month high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The stock's 50 day simple moving average is $234.79 and its 200 day simple moving average is $245.96.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.49 EPS. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's dividend payout ratio is 33.21%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 1,764,850 shares of company stock valued at $410,591,012. Corporate insiders own 0.37% of the company's stock.

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.

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