Jessup Wealth Management Inc Grows Stake in T-Mobile US, Inc. $TMUS

Jessup Wealth Management Inc boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 247.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,181 shares of the Wireless communications provider’s stock after purchasing an additional 36,448 shares during the period. T-Mobile US accounts for about 3.9% of Jessup Wealth Management Inc’s investment portfolio, making the stock its 9th biggest holding. Jessup Wealth Management Inc’s holdings in T-Mobile US were worth $10,749,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. JDM Financial Group LLC boosted its holdings in shares of T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Main Street Group LTD bought a new position in shares of T-Mobile US in the first quarter valued at $25,000. Swiss RE Ltd. acquired a new position in T-Mobile US during the fourth quarter worth $29,000. Turning Point Benefit Group Inc. increased its holdings in T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 153 shares during the last quarter. Finally, Sachetta LLC raised its position in T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 55 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $180.09 on Monday. The firm has a 50-day moving average of $184.53 and a 200-day moving average of $195.62. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a market cap of $193.18 billion, a PE ratio of 18.86, a P/E/G ratio of 1.06 and a beta of 0.33. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.84 EPS. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

Insider Transactions at T-Mobile US

In other news, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the purchase, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TMUS. Scotiabank decreased their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a report on Wednesday, April 29th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. TD Cowen reduced their price target on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday. Finally, Arete Research boosted their price target on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.88.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.