T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Atticus Wealth Management LLC

Atticus Wealth Management LLC reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 35.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 548 shares of the Wireless communications provider’s stock after selling 300 shares during the quarter. Atticus Wealth Management LLC’s holdings in T-Mobile US were worth $89,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in shares of T-Mobile US by 3.1% in the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after acquiring an additional 5,552 shares during the last quarter. Pacer Advisors Inc. grew its position in T-Mobile US by 31.4% during the fourth quarter. Pacer Advisors Inc. now owns 107,660 shares of the Wireless communications provider’s stock valued at $17,261,000 after acquiring an additional 25,700 shares during the period. Caprock Group LLC grew its position in T-Mobile US by 105.8% during the fourth quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after acquiring an additional 11,854 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in T-Mobile US by 41.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock valued at $2,595,000 after acquiring an additional 4,777 shares during the period. Finally, Cerity Partners LLC grew its position in T-Mobile US by 136.8% during the fourth quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock valued at $10,096,000 after acquiring an additional 36,374 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TMUS shares. Oppenheimer reissued an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Royal Bank of Canada boosted their price target on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, May 29th. Bank of America boosted their price target on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, TD Cowen reduced their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of “Buy” and a consensus target price of $190.36.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the sale, the insider now owns 125,687 shares in the company, valued at $20,514,632.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $162.39, for a total transaction of $30,800,511.30. Following the sale, the director now owns 681,616,136 shares in the company, valued at $110,687,644,325.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the transaction, the insider now directly owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The disclosure for this sale can be found here. Insiders have sold 6,779,170 shares of company stock worth $1,133,297,126 over the last quarter. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Down 0.7 %

Shares of NASDAQ:TMUS traded down $1.24 during trading on Friday, hitting $176.18. The company’s stock had a trading volume of 5,172,283 shares, compared to its average volume of 6,700,324. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $182.67. The stock’s 50-day moving average price is $169.84 and its two-hundred day moving average price is $164.50. The company has a market capitalization of $206.46 billion, a PE ratio of 23.97, a PEG ratio of 0.69 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

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.