T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Atala Financial Inc

Atala Financial Inc lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.8% in the first quarter, Holdings Channel reports. The firm owned 7,486 shares of the Wireless communications provider’s stock after selling 140 shares during the period. T-Mobile US accounts for 1.5% of Atala Financial Inc’s investment portfolio, making the stock its 17th biggest position. Atala Financial Inc’s holdings in T-Mobile US were worth $1,997,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its stake in shares of T-Mobile US by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider’s stock valued at $8,272,000 after acquiring an additional 1,859 shares during the period. Burling Wealth Partners LLC purchased a new stake in T-Mobile US during the 4th quarter worth $2,539,000. Mizuho Securities USA LLC raised its position in T-Mobile US by 45.4% in the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider’s stock valued at $10,197,000 after purchasing an additional 14,418 shares during the period. Raymond James Financial Inc. acquired a new position in shares of T-Mobile US during the fourth quarter worth about $452,721,000. Finally, GC Wealth Management RIA LLC boosted its position in shares of T-Mobile US by 14.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider’s stock worth $2,804,000 after buying an additional 1,592 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $230.90 on Thursday. The business has a 50 day simple moving average of $241.15 and a 200-day simple moving average of $242.77. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. The company has a market capitalization of $262.17 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.27 and a beta of 0.64. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period last year, the firm posted $2.00 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. T-Mobile US’s payout ratio is currently 34.34%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $221.67, for a total value of $15,481,432.80. Following the sale, the director now directly owns 648,429,084 shares of the company’s stock, valued at $143,737,275,050.28. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 419,040 shares of company stock worth $94,880,434 over the last ninety days. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TMUS. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Tigress Financial lifted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Benchmark reaffirmed a “buy” rating and set a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Finally, HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.68.

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.