Balentine LLC Lowers Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Balentine LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 88.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,548 shares of the Wireless communications provider’s stock after selling 11,318 shares during the period. Balentine LLC’s holdings in T-Mobile US were worth $273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Compton Wealth Advisory Group LLC boosted its stake in T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after purchasing an additional 56 shares during the period. Anfield Capital Management LLC boosted its position in shares of T-Mobile US by 18.7% during the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock worth $64,000 after acquiring an additional 57 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in T-Mobile US by 22.6% during the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 58 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in T-Mobile US by 2.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after acquiring an additional 64 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in T-Mobile US by 39.7% in the 2nd quarter. Westside Investment Management Inc. now owns 243 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 69 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $195.30 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $227.87 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 0.72 and a beta of 0.51. T-Mobile US, Inc. has a 12 month low of $135.82 and a 12 month high of $205.28. The firm’s 50-day moving average is $188.47 and its 200 day moving average is $174.31.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.33%. T-Mobile US’s payout ratio is 35.37%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research analyst reports. Barclays raised their price objective on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Bank of America upped their price objective on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Tigress Financial boosted their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $198.63.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 2,706 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the transaction, the director now directly owns 1,826,204 shares in the company, valued at $365,441,682.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the sale, the insider now owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the sale, the director now owns 1,826,204 shares of the company’s stock, valued at approximately $365,441,682.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,109,346 shares of company stock worth $198,743,322. 0.67% of the stock is currently owned by insiders.

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.