Highview Capital Management LLC DE Trims Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Highview Capital Management LLC DE lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 37.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,113 shares of the Wireless communications provider's stock after selling 6,140 shares during the quarter. T-Mobile US comprises 1.1% of Highview Capital Management LLC DE's portfolio, making the stock its 27th largest 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 & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. grew its position in T-Mobile US by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock worth $8,272,000 after purchasing an additional 1,859 shares during the last quarter. Burling Wealth Partners LLC bought a new position in T-Mobile US in the 4th quarter worth approximately $2,539,000. Mizuho Securities USA LLC boosted its holdings in T-Mobile US by 45.4% in the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock valued at $10,197,000 after acquiring an additional 14,418 shares during the last quarter. GC Wealth Management RIA LLC boosted its holdings in T-Mobile US by 14.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider's stock valued at $2,804,000 after acquiring an additional 1,592 shares during the last quarter. Finally, Advisor Resource Council bought a new position in T-Mobile US in the first quarter valued at about $463,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. KeyCorp reissued an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Finally, Benchmark reiterated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.61.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated 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 completion of the transaction, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 698,400 shares of company stock valued at $161,083,166. Insiders own 0.37% of the company's stock.

T-Mobile US Trading Down 1.6%

NASDAQ TMUS traded down $3.66 on Wednesday, reaching $232.31. The company had a trading volume of 3,938,124 shares, compared to its average volume of 4,101,328. The business has a 50 day moving average of $238.54 and a two-hundred day moving average of $243.53. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The firm has a market cap of $263.77 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 1.32 and a beta of 0.62. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. T-Mobile US's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

T-Mobile US 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.