Hancock Whitney Corp Sells 366 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Hancock Whitney Corp trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 91,962 shares of the Wireless communications provider’s stock after selling 366 shares during the period. Hancock Whitney Corp’s holdings in T-Mobile US were worth $18,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TMUS. EntryPoint Capital LLC grew its holdings in T-Mobile US by 80.7% in the first quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 113 shares during the period. CreativeOne Wealth LLC bought a new stake in T-Mobile US in the first quarter worth $267,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of T-Mobile US in the first quarter worth $5,380,000. Dynasty Wealth Management LLC purchased a new stake in T-Mobile US during the 1st quarter valued at about $1,224,000. Finally, Motley Fool Asset Management LLC grew its position in T-Mobile US by 10.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 35,028 shares of the Wireless communications provider’s stock valued at $5,717,000 after purchasing an additional 3,183 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. The trade was a 7.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,750 shares of company stock worth $72,863,634 in the last three months. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TMUS. Citigroup upped their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. UBS Group raised their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI boosted their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Benchmark raised their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Stock Performance

Shares of TMUS opened at $239.00 on Monday. The business has a 50-day simple moving average of $219.58 and a two-hundred day simple moving average of $195.39. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 52 week low of $147.96 and a 52 week high of $242.43. The stock has a market cap of $277.36 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.22 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 EPS. On average, analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.47%. T-Mobile US’s dividend payout ratio is presently 29.65%.

T-Mobile US 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.