OLD National Bancorp IN Has $7.90 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• OLD National Bancorp IN significantly increased its holdings in T-Mobile US, Inc. by 1,453.8% during the second quarter, bringing its total shares to 33,174, valued at approximately $7.90 million.
• T-Mobile US recently revised its quarterly dividend to $1.02, an increase from the prior $0.88, with the ex-dividend date set for November 26th.
• Several analysts have issued positive ratings for T-Mobile US, with three giving it a "Strong Buy" and a consensus price target of $262.50 based on an average of ratings from multiple equities research analysts.

OLD National Bancorp IN lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1,453.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,174 shares of the Wireless communications provider's stock after buying an additional 31,039 shares during the period. OLD National Bancorp IN's holdings in T-Mobile US were worth $7,904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. NorthCrest Asset Manangement LLC bought a new stake in shares of T-Mobile US during the second quarter worth $284,000. Crestwood Advisors Group LLC increased its holdings in T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after purchasing an additional 724 shares in the last quarter. Berkshire Bank raised its stake in shares of T-Mobile US by 12.5% in the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider's stock valued at $3,000,000 after purchasing an additional 1,400 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Finally, Fox Hill Wealth Management acquired a new position in shares of T-Mobile US during the second quarter worth about $2,603,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TMUS shares. Weiss Ratings reissued a "buy (b)" rating on shares of T-Mobile US in a research report on Saturday, September 27th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price objective on the stock. Bank of America began coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. Finally, Royal Bank Of Canada boosted their price target on shares of 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. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $262.50.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $239.54, for a total transaction of $15,432,604.04. Following the transaction, the director owned 634,112,640 shares in the company, valued at $151,895,341,785.60. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 2,514,793 shares of company stock valued at $606,931,756. Insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $230.27 on Monday. The firm has a market cap of $259.15 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59. The business's 50 day moving average is $244.56 and its 200-day moving average is $243.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1-year low of $206.18 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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 analyst estimates of $20.99 billion. During the same period in the prior year, the firm posted $2.49 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.8%. T-Mobile US's dividend payout ratio is presently 33.21%.

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.

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