Hancock Whitney Corp Buys 1,277 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Hancock Whitney Corp boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,239 shares of the Wireless communications provider's stock after acquiring an additional 1,277 shares during the quarter. Hancock Whitney Corp's holdings in T-Mobile US were worth $20,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. boosted its stake in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US during the 4th quarter valued at about $28,000. Financial Life Planners bought a new stake in T-Mobile US during the fourth quarter worth about $29,000. Bruce G. Allen Investments LLC boosted its holdings in shares of T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after acquiring an additional 73 shares in the last quarter. Finally, Albion Financial Group UT acquired a new stake in T-Mobile US during the 4th quarter valued at $39,000. Institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.67% of the company's stock.

T-Mobile US Stock Down 11.2 %

Shares of T-Mobile US stock traded down $29.41 during trading hours on Friday, reaching $232.77. 13,554,734 shares of the company's stock were exchanged, compared to its average volume of 4,251,776. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $260.36 and a two-hundred day moving average of $240.76. The stock has a market cap of $264.58 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a fifty-two week low of $161.61 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. T-Mobile US's dividend payout ratio is currently 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research reports. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Benchmark reiterated a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a research report on Thursday, March 27th. JPMorgan Chase & Co. upped their price target on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Finally, Barclays raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $256.80.

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.