Jackson Wealth Management LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Jackson Wealth Management LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,734 shares of the Wireless communications provider's stock, valued at approximately $462,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. boosted its position in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the last quarter. Rakuten Securities Inc. boosted its stake in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the fourth quarter worth $28,000. Adirondack Trust Co. increased its holdings in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. increased its stake in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $237.89, for a total transaction of $16,614,237.60. Following the completion of the sale, the director directly owned 647,800,524 shares in the company, valued at $154,105,266,654.36. 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 is available at the SEC website. In the last ninety days, insiders have sold 628,560 shares of company stock valued at $144,455,659. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

T-Mobile US stock traded down $2.22 during mid-day trading on Monday, hitting $238.53. 808,352 shares of the company's stock traded hands, compared to its average volume of 4,086,337. The stock has a market cap of $270.84 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $238.63 and a two-hundred day simple moving average of $243.47. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is currently 34.34%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TMUS. Tigress Financial lifted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank Of Canada upped their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a research report on Friday, March 14th. Finally, Benchmark reissued a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Thirteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.26.

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.