T-Mobile US, Inc. (NASDAQ:TMUS) is Jessup Wealth Management Inc's 7th Largest Position

Jessup Wealth Management Inc lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 26.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 38,641 shares of the Wireless communications provider's stock after selling 14,153 shares during the quarter. T-Mobile US accounts for about 3.6% of Jessup Wealth Management Inc's portfolio, making the stock its 7th biggest holding. Jessup Wealth Management Inc's holdings in T-Mobile US were worth $8,529,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of T-Mobile US by 4.0% in the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after buying an additional 602,786 shares during the last quarter. FMR LLC raised its position in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Franklin Resources Inc. raised its holdings in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after acquiring an additional 590,711 shares during the last quarter. Barclays PLC lifted its stake in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Down 0.1 %

NASDAQ TMUS traded down $0.30 on Friday, reaching $265.10. The stock had a trading volume of 2,017,624 shares, compared to its average volume of 3,775,875. The firm has a market capitalization of $302.67 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 1.53 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $271.41. The stock has a fifty day moving average price of $230.32 and a two-hundred day moving average price of $220.66.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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%. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TMUS. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 target price on the stock. TD Cowen raised their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley began coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price on the stock. Scotiabank raised their target price on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 30th. Finally, BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $251.79.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares of the company's stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 over the last 90 days. Corporate insiders own 0.67% of the company's stock.

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.