Hancock Whitney Corp Sells 1,197 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Hancock Whitney Corp reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,328 shares of the Wireless communications provider’s stock after selling 1,197 shares during the period. Hancock Whitney Corp’s holdings in T-Mobile US were worth $16,266,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. WASHINGTON TRUST Co raised its position in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. Summit Securities Group LLC bought a new position in T-Mobile US during the second quarter valued at about $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US in the 2nd quarter valued at approximately $27,000. Westside Investment Management Inc. lifted its position in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $30,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Down 0.1 %

Shares of NASDAQ TMUS opened at $199.44 on Friday. T-Mobile US, Inc. has a 12-month low of $135.82 and a 12-month high of $206.30. The firm’s 50-day simple moving average is $192.29 and its 200 day simple moving average is $176.46. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company has a market cap of $233.71 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research reports. Citigroup raised their target price on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Oppenheimer lifted their price objective on T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Eighteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US has an average rating of “Buy” and an average target price of $211.92.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the transaction, the director now directly owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The disclosure for this sale can be found here. Insiders sold a total of 706,875 shares of company stock worth $130,909,198 over the last 90 days. 0.67% of the stock is owned by insiders.

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.