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

Highview Capital Management LLC DE boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,061 shares of the Wireless communications provider’s stock after acquiring an additional 598 shares during the period. T-Mobile US accounts for about 1.3% of Highview Capital Management LLC DE’s portfolio, making the stock its 21st largest holding. Highview Capital Management LLC DE’s holdings in T-Mobile US were worth $3,314,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of T-Mobile US in the first quarter valued at $1,908,000. CFO4Life Group LLC acquired a new stake in shares of T-Mobile US in the first quarter valued at $932,000. NewEdge Advisors LLC raised its holdings in shares of T-Mobile US by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after buying an additional 25,217 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in T-Mobile US by 26.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after acquiring an additional 4,253 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $226.05 on Wednesday. The stock’s 50-day moving average is $207.32 and its two-hundred day moving average is $186.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a 1 year low of $139.47 and a 1 year high of $234.56. The firm has a market cap of $264.90 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. Analysts predict that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.56%. T-Mobile US’s dividend payout ratio is 47.89%.

Insider Buying and Selling

In other news, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Deeanne King sold 15,437 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 369,261 shares of company stock worth $74,082,130 in the last 90 days. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group raised their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Scotiabank upped their price objective on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Bank of America boosted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $241.83.

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.