Janney Montgomery Scott LLC Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Janney Montgomery Scott LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 183,792 shares of the Wireless communications provider's stock after selling 13,294 shares during the period. Janney Montgomery Scott LLC's holdings in T-Mobile US were worth $49,019,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $228.75, for a total transaction of $15,975,900.00. Following the sale, the director now directly owns 588,413,779 shares in the company, valued at approximately $134,599,651,946.25. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on TMUS. Tigress Financial boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada lifted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Performance

Shares of TMUS opened at $230.99 on Tuesday. The firm has a fifty day moving average of $245.97 and a 200-day moving average of $243.71. The company has a market cap of $262.28 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. The firm 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 13.93% and a return on equity of 18.09%. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 EPS. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 34.34%.

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.

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