OLD National Bancorp IN Buys 2,954 Shares of T-Mobile US, Inc. $TMUS

OLD National Bancorp IN raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 9.2% during the 1st quarter, HoldingsChannel reports. The firm owned 34,896 shares of the Wireless communications provider’s stock after purchasing an additional 2,954 shares during the quarter. OLD National Bancorp IN’s holdings in T-Mobile US were worth $7,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TMUS. Louisiana State Employees Retirement System acquired a new stake in shares of T-Mobile US in the first quarter worth $20,268,000. Fairvoy Private Wealth LLC boosted its holdings in T-Mobile US by 2.2% during the first quarter. Fairvoy Private Wealth LLC now owns 9,105 shares of the Wireless communications provider’s stock valued at $1,912,000 after acquiring an additional 195 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in T-Mobile US by 5.8% during the first quarter. Kestra Private Wealth Services LLC now owns 25,763 shares of the Wireless communications provider’s stock valued at $5,411,000 after acquiring an additional 1,401 shares during the period. Global Financial Private Client LLC acquired a new stake in shares of T-Mobile US in the first quarter valued at about $206,000. Finally, MBM Wealth Consultants LLC grew its position in shares of T-Mobile US by 9.0% in the first quarter. MBM Wealth Consultants LLC now owns 7,671 shares of the Wireless communications provider’s stock valued at $1,611,000 after purchasing an additional 636 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Arete Research upped their price target on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Royal Bank Of Canada reduced their price objective on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Scotiabank lowered their price objective on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, Citigroup upped their target price on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.27.

Get Our Latest Analysis on TMUS

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

Insiders Place Their Bets

In related news, insider Andre Almeida bought 5,097 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $196.18 per share, with a total value of $999,929.46. Following the acquisition, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. This represents a 12.82% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the transaction, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $182.68 on Friday. The firm has a market capitalization of $197.70 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.06 and a beta of 0.31. T-Mobile US, Inc. has a one year low of $174.02 and a one year high of $261.56. The business has a fifty day simple moving average of $188.24 and a 200 day simple moving average of $197.93. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUSGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter in the previous year, the firm posted $2.58 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is 43.40%.

About T-Mobile US

(Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

Further Reading

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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