Jackson Square Capital LLC Sells 10,740 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Jackson Square Capital LLC reduced its stake in T-Mobile US by 35.3%, selling 10,740 shares, and currently holds 19,683 shares worth approximately $4.69 million.
• Insider activity includes Director Telekom Ag Deutsche selling 64,426 shares for over $15 million, while insiders collectively sold over 2.6 million shares valued at around $643 million in the past ninety days.
• T-Mobile US reported a 6.9% year-over-year revenue increase with earnings per share of $2.84, beating analysts' expectations, and has received varied analyst ratings with a consensus average rating of "Moderate Buy".

Jackson Square Capital LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 35.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,683 shares of the Wireless communications provider's stock after selling 10,740 shares during the quarter. Jackson Square Capital LLC's holdings in T-Mobile US were worth $4,690,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Activest Wealth Management lifted its holdings in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Godsey & Gibb Inc. grew its holdings in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US in the 1st quarter valued at approximately $29,000. TCTC Holdings LLC grew its holdings in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after buying an additional 77 shares during the last quarter. Finally, Adirondack Trust Co. grew its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on TMUS shares. Bank of America began coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease 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. Insiders sold a total of 2,611,714 shares of company stock valued at $628,056,504 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ TMUS traded down $0.66 during trading on Friday, reaching $238.17. 7,442,087 shares of the company's stock were exchanged, compared to its average volume of 3,765,798. The business has a 50 day moving average price of $243.89 and a 200-day moving average price of $245.66. The stock has a market capitalization of $268.04 billion, a P/E ratio of 22.47, a PEG ratio of 1.31 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a fifty-two week low of $197.46 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast 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 $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

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.