Atria Wealth Solutions Inc. Trims Stake in T-Mobile US, Inc. $TMUS

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in T-Mobile US by 47.8% in the second quarter, now holding 7,572 shares valued at approximately $1.8 million.
• T-Mobile US announced a quarterly dividend increase to $1.02 per share, with an annual yield of 1.8%, set to be paid on December 11th.
• Analysts have mixed ratings on T-Mobile US, with three giving it a Strong Buy rating, alongside various price target adjustments, including an increase from $280.00 to $300.00 by Deutsche Bank.

Atria Wealth Solutions Inc. reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 47.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,572 shares of the Wireless communications provider's stock after selling 6,923 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in T-Mobile US were worth $1,808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP increased its position in shares of T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock valued at $3,426,407,000 after buying an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after buying an additional 844,932 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of T-Mobile US by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock valued at $1,080,388,000 after buying an additional 169,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of T-Mobile US by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider's stock valued at $878,925,000 after buying an additional 65,394 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the transaction, the director owned 646,822,764 shares of the company's stock, valued at approximately $150,470,379,589.32. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 2,418,333 shares of company stock worth $584,293,759 over the last quarter. Insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Wolfe Research lowered their price target on T-Mobile US from $300.00 to $290.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 30th. Raymond James Financial raised T-Mobile US to a "hold" rating in a research note on Wednesday, October 1st. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Benchmark lifted their price target on T-Mobile US from $275.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $265.13.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $226.65 on Thursday. The stock's fifty day moving average is $242.60 and its two-hundred day moving average is $242.23. The firm has a market capitalization of $255.08 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49.

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 for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's dividend payout ratio is presently 38.49%.

T-Mobile US 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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