Jessup Wealth Management Inc Reduces Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Jessup Wealth Management Inc reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 26.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,641 shares of the Wireless communications provider’s stock after selling 14,153 shares during the quarter. T-Mobile US comprises 3.6% of Jessup Wealth Management Inc’s portfolio, making the stock its 7th largest holding. Jessup Wealth Management Inc’s holdings in T-Mobile US were worth $8,529,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Stratos Wealth Advisors LLC grew its stake in shares of T-Mobile US by 9.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,835 shares of the Wireless communications provider’s stock worth $379,000 after purchasing an additional 153 shares during the last quarter. Whittier Trust Co. grew its position in T-Mobile US by 2.4% in the third quarter. Whittier Trust Co. now owns 6,159 shares of the Wireless communications provider’s stock worth $1,271,000 after buying an additional 146 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of T-Mobile US by 2.2% in the third quarter. Foundations Investment Advisors LLC now owns 4,117 shares of the Wireless communications provider’s stock valued at $850,000 after buying an additional 90 shares in the last quarter. Oakworth Capital Inc. lifted its position in shares of T-Mobile US by 17.1% during the 3rd quarter. Oakworth Capital Inc. now owns 608 shares of the Wireless communications provider’s stock valued at $125,000 after acquiring an additional 89 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of T-Mobile US by 17.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,255 shares of the Wireless communications provider’s stock worth $2,942,000 after acquiring an additional 2,127 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the sale, the director now directly owns 4,021 shares of the company’s stock, valued at approximately $989,166. This represents a 19.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andre Almeida bought 3,808 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley assumed coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective for the company. Tigress Financial boosted their price target on shares of T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, February 6th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Bank of America boosted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.79.

T-Mobile US Trading Up 0.1 %

NASDAQ:TMUS opened at $263.35 on Thursday. The company has a market capitalization of $300.68 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.58 and a beta of 0.56. The stock’s 50 day moving average price is $229.68 and its 200 day moving average price is $220.35. 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 52 week low of $158.84 and a 52 week high of $271.41.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, research analysts forecast 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 Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US’s dividend payout ratio is currently 36.40%.

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.