OLD National Bancorp IN Acquires 62 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

OLD National Bancorp IN raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,356 shares of the Wireless communications provider’s stock after acquiring an additional 62 shares during the quarter. OLD National Bancorp IN’s holdings in T-Mobile US were worth $538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TMUS. Exchange Traded Concepts LLC raised its holdings in T-Mobile US by 4,568.0% during the third quarter. Exchange Traded Concepts LLC now owns 4,528 shares of the Wireless communications provider’s stock valued at $634,000 after acquiring an additional 4,431 shares during the period. Private Trust Co. NA raised its holdings in T-Mobile US by 1.8% during the third quarter. Private Trust Co. NA now owns 6,381 shares of the Wireless communications provider’s stock valued at $894,000 after acquiring an additional 110 shares during the period. Caprock Group LLC raised its holdings in T-Mobile US by 1.2% during the third quarter. Caprock Group LLC now owns 11,209 shares of the Wireless communications provider’s stock valued at $1,570,000 after acquiring an additional 131 shares during the period. Proficio Capital Partners LLC raised its holdings in T-Mobile US by 8.5% during the third quarter. Proficio Capital Partners LLC now owns 2,560 shares of the Wireless communications provider’s stock valued at $359,000 after acquiring an additional 200 shares during the period. Finally, CX Institutional raised its holdings in T-Mobile US by 32.7% during the third quarter. CX Institutional now owns 4,291 shares of the Wireless communications provider’s stock valued at $601,000 after acquiring an additional 1,058 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 0.6 %

Shares of NASDAQ:TMUS opened at $164.18 on Thursday. T-Mobile US, Inc. has a 1 year low of $124.92 and a 1 year high of $168.64. The business has a 50 day simple moving average of $162.39 and a two-hundred day simple moving average of $156.76. The firm has a market capitalization of $194.86 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 0.66 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $19.67 billion. During the same quarter last year, the firm earned $1.18 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts predict that T-Mobile US, Inc. will post 8.95 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. T-Mobile US’s payout ratio is 37.52%.

Insider Activity at T-Mobile US

In related news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the sale, the insider now owns 102,555 shares in the company, valued at $17,274,364.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teresa Taylor sold 12,022 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the completion of the transaction, the director now directly owns 13,014 shares of the company’s stock, valued at approximately $2,105,665.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,995,889 shares of company stock worth $972,451,611. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TMUS. KeyCorp reduced their target price on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $184.00 target price on shares of T-Mobile US in a report on Wednesday, March 20th. Morgan Stanley lifted their target price on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Friday, January 26th. Finally, Wells Fargo & Company lifted their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $185.93.

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.