T-Mobile US, Inc. (NASDAQ:TMUS) Position Reduced by Hancock Whitney Corp

Hancock Whitney Corp reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,328 shares of the Wireless communications provider’s stock after selling 1,197 shares during the quarter. Hancock Whitney Corp’s holdings in T-Mobile US were worth $16,266,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TMUS. Vanguard Group Inc. boosted its stake in T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of T-Mobile US by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after purchasing an additional 184,059 shares during the last quarter. Putnam Investments LLC grew its stake in shares of T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TMUS. Evercore ISI raised their target price on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday. Scotiabank lifted their target price on T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a report on Thursday. The Goldman Sachs Group started coverage on T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. KeyCorp increased their price target on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Morgan Stanley boosted their price objective on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Eighteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, T-Mobile US has an average rating of “Buy” and a consensus price target of $211.92.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the transaction, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The disclosure for this sale can be found here. Insiders sold 706,875 shares of company stock worth $130,909,198 over the last ninety days. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Down 0.1 %

Shares of NASDAQ:TMUS opened at $199.44 on Friday. The firm has a fifty day moving average of $192.29 and a two-hundred day moving average of $176.46. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 12-month low of $135.82 and a 12-month high of $206.30. The firm has a market capitalization of $233.71 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

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.