HighTower Advisors LLC Sells 9,951 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• HighTower Advisors LLC reduced its stake in T-Mobile US, Inc. by selling 9,951 shares, lowering its holdings to 713,825 shares valued at approximately $190.38 million.
• T-Mobile reported strong quarterly earnings with an EPS of $2.84, surpassing estimates, and a revenue of $21.13 billion, up 6.9% year-over-year.
• The company declared a quarterly dividend of $0.88 per share, resulting in an annualized yield of 1.4%, to be paid on September 11th.

HighTower Advisors LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 713,825 shares of the Wireless communications provider's stock after selling 9,951 shares during the period. HighTower Advisors LLC owned about 0.06% of T-Mobile US worth $190,384,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TMUS. Godsey & Gibb Inc. increased its stake in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the period. TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. Adirondack Trust Co. boosted its position in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares in the last quarter. City Holding Co. boosted its position in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Morgan Stanley lifted their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Stock Performance

T-Mobile US stock traded down $1.44 during mid-day trading on Wednesday, reaching $250.84. 3,152,114 shares of the stock traded hands, compared to its average volume of 4,480,692. The stock has a market capitalization of $282.30 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.39 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, Inc. has a 12-month low of $192.61 and a 12-month high of $276.49. The business's 50-day moving average is $235.30 and its 200-day moving average is $246.82.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. T-Mobile US's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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

Insiders Place Their Bets

In other T-Mobile US news, insider Callie R. Field sold 12,300 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total value of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares in the company, valued at $26,702,552.80. This represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jon Freier sold 7,000 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $250.00, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 1,904,530 shares of company stock worth $445,006,069 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

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.