Bank OZK Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Bank OZK raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.6% during the fourth quarter, Holdings Channel reports. The firm owned 13,409 shares of the Wireless communications provider’s stock after buying an additional 1,171 shares during the quarter. T-Mobile US makes up approximately 1.0% of Bank OZK’s portfolio, making the stock its 22nd biggest position. Bank OZK’s holdings in T-Mobile US were worth $2,150,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. OLD National Bancorp IN increased its position in T-Mobile US by 1.9% during the 4th quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock valued at $538,000 after purchasing an additional 62 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of T-Mobile US by 3.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 66 shares during the period. Transatlantique Private Wealth LLC grew its position in shares of T-Mobile US by 0.4% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock worth $2,296,000 after buying an additional 68 shares during the period. Hohimer Wealth Management LLC grew its position in shares of T-Mobile US by 0.9% in the 3rd quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $1,054,000 after buying an additional 68 shares during the period. Finally, Tranquility Partners LLC grew its position in shares of T-Mobile US by 1.9% in the 4th quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock worth $613,000 after buying an additional 71 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup upped their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Morgan Stanley upped their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. TD Cowen reduced their target price on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Tigress Financial upped their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $186.33.

Insider Buying and Selling at T-Mobile US

In other news, insider Callie R. Field sold 5,844 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now owns 102,555 shares in the company, valued at approximately $17,274,364.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $161.85, for a total value of $31,546,183.50. Following the transaction, the director now owns 689,930,831 shares in the company, valued at approximately $111,665,304,997.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Callie R. Field sold 5,844 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,180,319 shares of company stock worth $1,002,629,987. Company insiders own 0.70% of the company’s stock.

T-Mobile US Stock Performance

TMUS traded down $0.09 during midday trading on Friday, hitting $163.96. 7,969,001 shares of the company traded hands, compared to its average volume of 3,837,128. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $194.60 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.68 and a beta of 0.49. The company’s 50-day moving average is $162.51 and its 200 day moving average is $156.98. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $168.64.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.45%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 EPS. On average, research analysts expect that T-Mobile US, Inc. will post 8.83 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 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.