Atria Wealth Solutions Inc. Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Atria Wealth Solutions Inc. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,005 shares of the Wireless communications provider's stock after purchasing an additional 1,950 shares during the period. Atria Wealth Solutions Inc.'s holdings in T-Mobile US were worth $3,754,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. DT Investment Partners LLC increased its holdings in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 47 shares during the period. Dunhill Financial LLC increased its stake in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Financial Life Planners purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $29,000. MFA Wealth Advisors LLC increased its stake in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 77 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the 3rd quarter worth approximately $34,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Down 0.1 %

NASDAQ TMUS traded down $0.23 during trading on Friday, reaching $265.17. 3,554,246 shares of the company's stock were exchanged, compared to its average volume of 3,824,914. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $271.41. The company has a 50 day moving average price of $230.32 and a two-hundred day moving average price of $220.66. The stock has a market cap of $302.76 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.53 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. T-Mobile US's payout ratio is 36.40%.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andre Almeida purchased 3,808 shares of the company's stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now owns 3,808 shares of the company's stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 3,100 shares of company stock valued at $747,378. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TMUS. Sanford C. Bernstein began coverage on T-Mobile US in a research note on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price objective for the company. Wells Fargo & Company boosted their price objective on T-Mobile US from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Bank of America boosted their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Morgan Stanley began coverage on T-Mobile US in a report on Monday, December 16th. They set an "overweight" rating and a $280.00 target price on the stock. Finally, Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.79.

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.