T-Mobile US, Inc. $TMUS Shares Bought by Atalanta Sosnoff Capital LLC

Key Points

• Atalanta Sosnoff Capital LLC increased its stake in T-Mobile US by 2.1%, acquiring an additional 7,845 shares, bringing its total to 374,659 shares worth approximately $99.9 million.
• Recent insider transactions included Director Telekom Ag Deutsche selling 69,840 shares valued at around $16.6 million, while corporate insiders sold a total of 2,418,410 shares worth approximately $575.3 million over the last three months.
• Analysts' ratings for T-Mobile US include three "Strong Buy" and nine "Buy" ratings, with a consensus target price of $258.02, highlighting a generally positive outlook for the stock.

Atalanta Sosnoff Capital LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 374,659 shares of the Wireless communications provider's stock after buying an additional 7,845 shares during the quarter. T-Mobile US accounts for approximately 2.4% of Atalanta Sosnoff Capital LLC's portfolio, making the stock its 12th largest holding. Atalanta Sosnoff Capital LLC's holdings in T-Mobile US were worth $99,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Activest Wealth Management grew its position in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 94 shares during the period. Godsey & Gibb Inc. grew its position in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the period. Stone House Investment Management LLC acquired a new position in T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC grew its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the period. Finally, Adirondack Trust Co. grew its position in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Up 0.3%

Shares of TMUS traded up $0.64 on Friday, hitting $252.76. 3,294,176 shares of the stock traded hands, compared to its average volume of 3,654,834. The firm has a market capitalization of $284.46 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.38 and a beta of 0.61. The stock's 50 day moving average is $243.02 and its two-hundred day moving average is $247.60. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Morgan Stanley increased their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Tuesday. They issued a "buy" rating and a $286.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 2,500 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $251.12, for a total value of $627,800.00. Following the completion of the sale, the insider owned 158,703 shares of the company's stock, valued at approximately $39,853,497.36. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $256.44, for a total transaction of $17,909,769.60. Following the sale, the director directly owned 635,433,644 shares of the company's stock, valued at approximately $162,950,603,667.36. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,488,250 shares of company stock valued at $593,252,506. Insiders own 0.37% of the company's stock.

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.