Jessup Wealth Management Inc Sells 21,016 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Jessup Wealth Management Inc lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 54.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,625 shares of the Wireless communications provider's stock after selling 21,016 shares during the quarter. T-Mobile US makes up about 1.9% of Jessup Wealth Management Inc's investment portfolio, making the stock its 20th largest position. Jessup Wealth Management Inc's holdings in T-Mobile US were worth $4,701,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC boosted its stake in T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 37 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in shares of T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after purchasing an additional 40 shares during the period. Signaturefd LLC lifted its stake in shares of T-Mobile US by 0.4% in the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after purchasing an additional 41 shares during the period. Financial Management Professionals Inc. lifted its stake in T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 41 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of T-Mobile US by 0.7% in the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock valued at $1,340,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS stock traded down $2.46 on Tuesday, hitting $235.18. 896,113 shares of the stock were exchanged, compared to its average volume of 4,082,379. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $267.03 billion, a PE ratio of 22.95, a P/E/G ratio of 1.32 and a beta of 0.62. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. The firm's 50 day moving average is $238.65 and its two-hundred day moving average is $243.59.

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

T-Mobile US Dividend Announcement

The company also recently declared 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 1.50%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Tigress Financial raised their target price 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. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Benchmark reiterated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Bank of America assumed coverage on shares of T-Mobile US in a report on Monday. They issued a "neutral" rating and a $255.00 target price on the stock. Fourteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $254.98.

Insider Buying and Selling 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 that occurred 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 transaction, the director owned 647,800,524 shares of the company's stock, valued at $154,105,266,654.36. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders sold 628,560 shares of company stock valued at $144,455,659. Insiders own 0.37% of the company's stock.

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.