20,596 Shares in T-Mobile US, Inc. $TMUS Purchased by Bank OZK

Key Points

• Bank OZK acquired 20,596 T-Mobile US shares during the second quarter, valued at approximately $3.46 million and representing about 1% of its portfolio. Several other institutional investors also initiated positions, while institutions and hedge funds collectively own 42.49% of the stock.
• Analysts maintain a broadly positive view, with a consensus rating of “Moderate Buy” and an average price target of $252.08, despite several firms recently lowering their targets.
• T-Mobile reported quarterly EPS of $2.99, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02, equivalent to a 2.3% annualized yield.

Bank OZK acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,596 shares of the Wireless communications provider's stock, valued at approximately $3,455,000. T-Mobile US comprises about 1.0% of Bank OZK's portfolio, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hamilton Capital LLC acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $381,000. Old North State Trust LLC bought a new position in T-Mobile US in the 2nd quarter valued at $1,035,000. Equitable Holdings Inc. bought a new position in T-Mobile US in the 2nd quarter valued at $2,320,000. Centaurus Financial Inc. bought a new stake in shares of T-Mobile US during the second quarter worth $986,000. Finally, Coastal Bridge Advisors LLC bought a new stake in shares of T-Mobile US during the second quarter worth $3,892,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

TMUS has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. DZ Bank restated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of T-Mobile US from $300.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Benchmark dropped their price target on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Finally, TD Cowen reduced their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US Trading Down 1.0%

Shares of NASDAQ TMUS opened at $177.75 on Friday. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $258.66. The stock has a market cap of $190.67 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.01 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The company's fifty day moving average is $181.13 and its 200-day moving average is $193.43.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the business posted $2.84 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. T-Mobile US's payout ratio is currently 42.72%.

T-Mobile US Profile

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.

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