T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Highview Capital Management LLC DE

Highview Capital Management LLC DE trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 37.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,113 shares of the Wireless communications provider's stock after selling 6,140 shares during the quarter. T-Mobile US accounts for 1.1% of Highview Capital Management LLC DE's portfolio, making the stock its 27th biggest holding. Highview Capital Management LLC DE's holdings in T-Mobile US were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Godsey & Gibb Inc. grew its holdings in T-Mobile US by 139.5% during the 1st 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 in the last quarter. Rakuten Securities Inc. lifted its position in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the fourth quarter worth $28,000. Adirondack Trust Co. lifted 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 worth $37,000 after purchasing an additional 110 shares during the last quarter. Finally, City Holding Co. lifted 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 worth $37,000 after purchasing an additional 43 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TMUS. Royal Bank Of Canada raised their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Tigress Financial lifted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, KeyCorp reissued an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $252.61.

T-Mobile US Stock Performance

NASDAQ TMUS traded down $1.64 during trading hours on Friday, hitting $226.52. The company had a trading volume of 645,571 shares, compared to its average volume of 4,096,648. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The business has a fifty day simple moving average of $237.87 and a 200-day simple moving average of $243.50. The firm has a market cap of $257.19 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the company earned $2.00 earnings per share. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced 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. This represents a $3.52 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 34.34%.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 698,400 shares of company stock valued at $161,083,166 over the last quarter. 0.37% of the stock is owned by company 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.