Bank OZK increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 11.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,206 shares of the Wireless communications provider's stock after acquiring an additional 1,721 shares during the period. T-Mobile US makes up about 1.9% of Bank OZK's portfolio, making the stock its 10th largest holding. Bank OZK's holdings in T-Mobile US were worth $4,589,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of TMUS. Capital International Inc. CA grew its position in shares of T-Mobile US by 14.2% during the 4th quarter. Capital International Inc. CA now owns 10,934 shares of the Wireless communications provider's stock valued at $2,413,000 after acquiring an additional 1,360 shares during the period. Natixis acquired a new stake in T-Mobile US in the 4th quarter worth about $8,063,000. Transce3nd LLC acquired a new stake in T-Mobile US in the 4th quarter worth about $142,000. Teachers Retirement System of The State of Kentucky boosted its holdings in T-Mobile US by 10.8% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 97,156 shares of the Wireless communications provider's stock worth $21,445,000 after buying an additional 9,434 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in T-Mobile US by 63.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 86,148 shares of the Wireless communications provider's stock worth $19,015,000 after buying an additional 33,516 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at T-Mobile US
In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the sale, the director owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Callie R. Field sold 12,300 shares of T-Mobile US stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares of the company's stock, valued at $26,702,552.80. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,974,370 shares of company stock valued at $462,526,830 in the last quarter. 0.37% of the stock is owned by insiders.
T-Mobile US Trading Up 0.2%
TMUS opened at $255.18 on Tuesday. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The stock has a market capitalization of $287.18 billion, a PE ratio of 24.07, a P/E/G ratio of 1.39 and a beta of 0.62. The business's 50 day moving average price is $235.93 and its 200 day moving average price is $247.58. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the prior year, the firm posted $2.49 earnings per share. The firm's quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.
T-Mobile US Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is 33.21%.
Analyst Ratings Changes
Several analysts recently commented on the company. Bank of America assumed coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, Morgan Stanley boosted their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.
Get Our Latest Analysis on T-Mobile US
About T-Mobile US
(
Free Report)
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.
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