Jessup Wealth Management Inc Decreases Stock Position in T-Mobile US, Inc. $TMUS

Jessup Wealth Management Inc reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,794 shares of the Wireless communications provider’s stock after selling 1,831 shares during the quarter. T-Mobile US makes up 1.5% of Jessup Wealth Management Inc’s investment portfolio, making the stock its 23rd largest position. Jessup Wealth Management Inc’s holdings in T-Mobile US were worth $3,763,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Accuvest Global Advisors acquired a new stake in T-Mobile US during the 2nd quarter valued at $2,985,000. Longbow Finance SA purchased a new stake in T-Mobile US during the 2nd quarter worth about $6,229,000. Greater Midwest Financial Group LLC purchased a new position in T-Mobile US in the 2nd quarter valued at about $1,855,000. Great Lakes Retirement Inc. boosted its stake in shares of T-Mobile US by 4.6% during the 2nd quarter. Great Lakes Retirement Inc. now owns 11,683 shares of the Wireless communications provider’s stock worth $2,784,000 after purchasing an additional 512 shares during the last quarter. Finally, Haven Private LLC boosted its stake in shares of T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after purchasing an additional 42 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the sale, the director directly owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 2,322,741 shares of company stock valued at $556,959,972 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Down 0.3%

NASDAQ:TMUS opened at $210.05 on Friday. The business’s 50-day moving average is $235.18 and its two-hundred day moving average is $238.96. The firm has a market capitalization of $234.94 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a 12 month low of $207.64 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $2.61 EPS. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio is presently 39.23%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TMUS shares. Morgan Stanley decreased their price target on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Williams Trading set a $263.00 target price on T-Mobile US in a research report on Friday, October 24th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, Cowen restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.63.

T-Mobile US Company 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.