Renasant Bank Sells 561 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Renasant Bank lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,431 shares of the Wireless communications provider’s stock after selling 561 shares during the period. Renasant Bank’s holdings in T-Mobile US were worth $978,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Barclays PLC increased its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after acquiring an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC bought a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $1,552,000. Trust Co. of Vermont grew its position in T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after buying an additional 2,865 shares in the last quarter. Swedbank AB increased its stake in T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after acquiring an additional 12,411 shares during the period. Finally, Rice Partnership LLC bought a new position in shares of T-Mobile US in the fourth quarter worth $7,678,000. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the company’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 transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $259.10 on Friday. The company has a market capitalization of $295.83 billion, a PE ratio of 26.79, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a 50 day simple moving average of $242.93 and a two-hundred day simple moving average of $227.96.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. T-Mobile US’s payout ratio is presently 36.40%.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent analyst reports. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Wednesday, March 5th. Barclays increased their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $254.10.

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.