T-Mobile US, Inc. $TMUS Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in T-Mobile US by 83.4%, now holding only 2,576 shares valued at $687,000 after selling 12,924 shares in the first quarter.
• T-Mobile US reported a quarterly earnings per share of $2.84, exceeding estimates by $0.15, and achieved a revenue of $21.13 billion.
• A quarterly dividend of $0.88 per share has been announced, with an expected annualized dividend yield of 1.4% and a payout ratio of 33.21%.

Jump Financial LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 83.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,576 shares of the Wireless communications provider's stock after selling 12,924 shares during the period. Jump Financial LLC's holdings in T-Mobile US were worth $687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of T-Mobile US by 8.5% during the first quarter. Smartleaf Asset Management LLC now owns 8,212 shares of the Wireless communications provider's stock worth $2,176,000 after purchasing an additional 646 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of T-Mobile US by 5.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 231,633 shares of the Wireless communications provider's stock worth $61,779,000 after purchasing an additional 12,535 shares during the last quarter. AlphaQuest LLC lifted its position in shares of T-Mobile US by 56.0% during the first quarter. AlphaQuest LLC now owns 5,691 shares of the Wireless communications provider's stock worth $1,518,000 after purchasing an additional 2,043 shares during the last quarter. Allstate Corp lifted its position in shares of T-Mobile US by 36.0% during the first quarter. Allstate Corp now owns 21,131 shares of the Wireless communications provider's stock worth $5,636,000 after purchasing an additional 5,589 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of T-Mobile US by 9.0% during the first quarter. Kestra Advisory Services LLC now owns 34,315 shares of the Wireless communications provider's stock worth $9,152,000 after purchasing an additional 2,846 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 2,418,410 shares of company stock worth $575,342,737 in the last quarter. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded up $3.90 during trading hours on Tuesday, hitting $255.89. The stock had a trading volume of 4,053,846 shares, compared to its average volume of 3,743,315. The stock's fifty day simple moving average is $241.82 and its 200 day simple moving average is $247.77. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The firm has a market capitalization of $287.98 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly 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 net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business earned $2.49 earnings per share. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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 $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TMUS. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Tuesday. They set a "buy" rating and a $286.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada increased their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

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.