Bank OZK Has $2.15 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Bank OZK raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,409 shares of the Wireless communications provider’s stock after buying an additional 1,171 shares during the period. T-Mobile US accounts for 1.0% of Bank OZK’s holdings, making the stock its 22nd largest holding. Bank OZK’s holdings in T-Mobile US were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. BluePath Capital Management LLC acquired a new stake in T-Mobile US in the third quarter valued at approximately $26,000. Valley National Advisers Inc. raised its stake in shares of T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new position in shares of T-Mobile US during the fourth quarter valued at $34,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other news, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the completion of the transaction, the chief executive officer now directly owns 496,036 shares in the company, valued at $79,886,597.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Teresa Taylor sold 12,022 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the transaction, the director now directly owns 13,014 shares in the company, valued at $2,105,665.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the transaction, the chief executive officer now owns 496,036 shares in the company, valued at $79,886,597.80. The disclosure for this sale can be found here. Insiders sold 6,180,319 shares of company stock worth $1,002,629,987 over the last three months. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. TD Cowen dropped their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday. Citigroup raised their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Morgan Stanley lifted their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. KeyCorp lifted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Benchmark reissued a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $186.33.

T-Mobile US Stock Down 0.1 %

TMUS traded down $0.09 during midday trading on Friday, hitting $163.96. The company had a trading volume of 7,969,001 shares, compared to its average volume of 3,837,128. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $168.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $194.60 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 0.68 and a beta of 0.49. The stock’s 50 day moving average price is $162.51 and its 200 day moving average price is $156.98.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.45%. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US, Inc. will post 8.83 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 35.37%.

T-Mobile US Company 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.