Jessup Wealth Management Inc lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 54.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,625 shares of the Wireless communications provider's stock after selling 21,016 shares during the period. T-Mobile US accounts for about 1.9% of Jessup Wealth Management Inc's holdings, making the stock its 20th largest holding. Jessup Wealth Management Inc's holdings in T-Mobile US were worth $4,701,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. Security National Bank of SO Dak grew its stake in shares of T-Mobile US by 9.7% in the first quarter. Security National Bank of SO Dak now owns 1,036 shares of the Wireless communications provider's stock worth $276,000 after acquiring an additional 92 shares during the period. Financial Counselors Inc. lifted its holdings in shares of T-Mobile US by 40.3% during the 1st quarter. Financial Counselors Inc. now owns 1,622 shares of the Wireless communications provider's stock valued at $433,000 after buying an additional 466 shares during the period. Callan Capital LLC boosted its stake in shares of T-Mobile US by 9.8% in the 1st quarter. Callan Capital LLC now owns 3,070 shares of the Wireless communications provider's stock worth $819,000 after buying an additional 274 shares during the last quarter. Drake & Associates LLC grew its holdings in shares of T-Mobile US by 19.6% in the first quarter. Drake & Associates LLC now owns 7,587 shares of the Wireless communications provider's stock worth $2,024,000 after acquiring an additional 1,242 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in T-Mobile US by 31.4% in the first quarter. Penserra Capital Management LLC now owns 6,561 shares of the Wireless communications provider's stock valued at $1,748,000 after acquiring an additional 1,568 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on TMUS. Tigress Financial boosted their price objective 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. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. 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 increased their price objective 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. Finally, Benchmark restated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $257.68.
Check Out Our Latest Stock Report on T-Mobile US
T-Mobile US Stock Performance
Shares of TMUS stock opened at $240.31 on Monday. The firm has a market cap of $272.86 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.32 and a beta of 0.62. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The company's 50 day moving average is $238.63 and its 200 day moving average is $243.47.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly 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. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the company posted $2.00 EPS. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.
T-Mobile US Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 34.34%.
Insider Buying and Selling
In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated 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 sale, the director owned 647,800,524 shares in the company, valued at approximately $154,105,266,654.36. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 628,560 shares of company stock valued at $144,455,659 in the last three months. Company insiders own 0.37% of the company's stock.
About T-Mobile US
(
Free Report)
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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