T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 26.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,641 shares of the Wireless communications provider’s stock after selling 14,153 shares during the period. T-Mobile US comprises about 3.6% of Jessup Wealth Management Inc’s investment portfolio, making the stock its 7th biggest position. Jessup Wealth Management Inc’s holdings in T-Mobile US were worth $8,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Stratos Wealth Advisors LLC increased its stake in T-Mobile US by 9.1% during the third quarter. Stratos Wealth Advisors LLC now owns 1,835 shares of the Wireless communications provider’s stock valued at $379,000 after acquiring an additional 153 shares during the period. Whittier Trust Co. increased its position in shares of T-Mobile US by 2.4% during the third quarter. Whittier Trust Co. now owns 6,159 shares of the Wireless communications provider’s stock valued at $1,271,000 after purchasing an additional 146 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of T-Mobile US by 2.2% in the third quarter. Foundations Investment Advisors LLC now owns 4,117 shares of the Wireless communications provider’s stock valued at $850,000 after purchasing an additional 90 shares in the last quarter. Oakworth Capital Inc. lifted its position in T-Mobile US by 17.1% in the third quarter. Oakworth Capital Inc. now owns 608 shares of the Wireless communications provider’s stock worth $125,000 after purchasing an additional 89 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in T-Mobile US by 17.5% during the third quarter. Sequoia Financial Advisors LLC now owns 14,255 shares of the Wireless communications provider’s stock worth $2,942,000 after buying an additional 2,127 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 in the last quarter. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TMUS. Wells Fargo & Company raised their price objective on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price objective on T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Tigress Financial raised their target price on T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, UBS Group upped their price target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $263.35 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $229.68 and a 200 day simple moving average of $220.35. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41. The firm has a market cap of $300.68 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.58 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

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.