Heck Capital Advisors LLC Cuts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Heck Capital Advisors LLC has reduced its stake in T-Mobile US, Inc. by 43.9%, selling 2,050 shares to hold 2,622 shares worth approximately $699,000.
• Multiple institutional investors are actively updating their positions, with Crestwood Advisors Group LLC increasing its stake by 79.5% during the same quarter.
• T-Mobile US recently reported earnings of $2.84 per share, surpassing expectations, alongside a declared quarterly dividend of $0.88 per share.

Heck Capital Advisors LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 43.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,622 shares of the Wireless communications provider's stock after selling 2,050 shares during the period. Heck Capital Advisors LLC's holdings in T-Mobile US were worth $699,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TMUS. Crestwood Advisors Group LLC boosted its stake in shares of T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after buying an additional 724 shares during the last quarter. Burling Wealth Partners LLC purchased a new position in shares of T-Mobile US in the 4th quarter worth $2,539,000. Advisor Resource Council bought a new position in T-Mobile US in the 1st quarter worth $463,000. Main Street Research LLC raised its holdings in T-Mobile US by 1.0% in the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after purchasing an additional 1,788 shares during the period. Finally, Sawgrass Asset Management LLC bought a new position in T-Mobile US in the 1st quarter worth $6,543,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TMUS. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. raised their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, KeyCorp reissued an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $256.31.

Insider Activity

In other news, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider owned 199,643 shares of the company's stock, valued at approximately $49,910,750. The trade was a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Callie R. Field sold 12,300 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the transaction, the insider directly owned 110,891 shares of the company's stock, valued at $26,702,552.80. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,904,530 shares of company stock valued at $445,006,069. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 1.4%

Shares of NASDAQ:TMUS opened at $252.28 on Wednesday. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49. The business has a 50 day simple moving average of $235.12 and a two-hundred day simple moving average of $246.79. The firm has a market capitalization of $283.92 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 33.21%.

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.

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