Howard Capital Management Inc. Sells 1,992 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Howard Capital Management Inc. reduced its stake in T-Mobile US by 13.3% in the first quarter, ending with 12,999 shares valued at approximately $3.47 million.
• T-Mobile US reported earnings of $2.84 per share, surpassing estimates, with revenues reaching $21.13 billion, indicating a 6.9% year-over-year increase.
• The company announced a quarterly dividend of $0.88 per share, set to be paid on September 11th, with an annual yield of 1.47%.

Howard Capital Management Inc. reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,999 shares of the Wireless communications provider's stock after selling 1,992 shares during the quarter. Howard Capital Management Inc.'s holdings in T-Mobile US were worth $3,467,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Ancora Advisors LLC grew its holdings in shares of T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 37 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after buying an additional 40 shares during the period. Financial Management Professionals Inc. lifted its position in shares of T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 41 shares during the period. Hohimer Wealth Management LLC lifted its position in shares of T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after purchasing an additional 41 shares during the period. Finally, Journey Strategic Wealth LLC lifted its position in shares of T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after purchasing an additional 41 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 1.3%

TMUS stock traded down $3.17 during mid-day trading on Thursday, reaching $238.41. 4,075,941 shares of the stock traded hands, compared to its average volume of 3,976,442. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a one year low of $176.89 and a one year high of $276.49. The stock has a market capitalization of $268.31 billion, a PE ratio of 22.49, a PEG ratio of 1.32 and a beta of 0.62. The business has a 50-day moving average price of $235.00 and a two-hundred day moving average price of $245.15.

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 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.49 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 33.21%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, July 7th. The shares were 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 in the company, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 1,555,330 shares of company stock worth $360,568,811. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TMUS shares. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Royal Bank Of Canada raised their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. KeyCorp reissued an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Bank of America initiated coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

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.