Hancock Whitney Corp Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Hancock Whitney Corp cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,962 shares of the Wireless communications provider’s stock after selling 366 shares during the quarter. Hancock Whitney Corp’s holdings in T-Mobile US were worth $18,977,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. WASHINGTON TRUST Co raised its position in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US in the second quarter valued at approximately $27,000. Finally, MFA Wealth Advisors LLC grew its holdings in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 0.3 %

Shares of NASDAQ:TMUS opened at $239.00 on Monday. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock’s 50-day moving average price is $219.58 and its 200-day moving average price is $195.39. The stock has a market capitalization of $277.36 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. On average, equities analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.47%. T-Mobile US’s payout ratio is currently 29.65%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TMUS. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Citigroup boosted their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Oppenheimer boosted their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, UBS Group upped their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Insiders Place Their Bets

In related news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,750 shares of company stock valued at $72,863,634 in the last quarter. Insiders own 0.67% of the company’s stock.

About T-Mobile US

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.