Atomi Financial Group Inc. Purchases 1,206 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Atomi Financial Group Inc. boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 32.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,870 shares of the Wireless communications provider’s stock after acquiring an additional 1,206 shares during the period. Atomi Financial Group Inc.’s holdings in T-Mobile US were worth $1,005,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Davis Investment Partners LLC boosted its position in shares of T-Mobile US by 0.6% during the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after acquiring an additional 51 shares during the last quarter. Compton Wealth Advisory Group LLC raised its stake in T-Mobile US by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after purchasing an additional 56 shares in the last quarter. Benjamin Edwards Inc. lifted its position in T-Mobile US by 0.7% during the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after purchasing an additional 56 shares during the last quarter. Anfield Capital Management LLC grew its stake in shares of T-Mobile US by 18.7% in the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 57 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of T-Mobile US by 22.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 306,492 shares of company stock worth $60,161,906 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Raymond James downgraded shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $208.00 to $221.00 in a report on Wednesday, October 2nd. Wells Fargo & Company lifted their target price on T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Morgan Stanley increased their price target on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Barclays lifted their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Nineteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $216.36.

T-Mobile US Price Performance

Shares of TMUS stock opened at $212.09 on Thursday. The stock has a market capitalization of $248.54 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 1.07 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a twelve month low of $136.85 and a twelve month high of $213.47. The stock has a fifty day simple moving average of $198.81 and a two-hundred day simple moving average of $180.27.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the prior year, the business earned $1.86 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that T-Mobile US, Inc. will post 9.13 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.66%. T-Mobile US’s payout ratio is 47.89%.

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.