T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 44.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,488 shares of the Wireless communications provider’s stock after acquiring an additional 92,532 shares during the quarter. Mackenzie Financial Corp’s holdings in T-Mobile US were worth $48,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its stake in T-Mobile US by 3.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 66 shares during the period. Transatlantique Private Wealth LLC increased its stake in T-Mobile US by 0.4% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock worth $2,296,000 after buying an additional 68 shares during the period. Hohimer Wealth Management LLC increased its stake in T-Mobile US by 0.9% during the 3rd quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $1,054,000 after buying an additional 68 shares during the period. Ronald Blue Trust Inc. increased its stake in T-Mobile US by 0.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 10,068 shares of the Wireless communications provider’s stock worth $1,398,000 after buying an additional 73 shares during the period. Finally, Cassaday & Co Wealth Management LLC increased its stake in T-Mobile US by 3.2% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 2,455 shares of the Wireless communications provider’s stock worth $344,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TMUS. Royal Bank of Canada reissued an “outperform” rating and issued a $184.00 target price on shares of T-Mobile US in a research report on Wednesday, March 20th. Tigress Financial boosted their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. KeyCorp decreased their price target on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Buy” and an average price target of $185.93.

T-Mobile US Trading Down 0.0 %

Shares of NASDAQ:TMUS opened at $159.79 on Wednesday. The company has a 50 day moving average of $162.32 and a 200-day moving average of $155.88. The firm has a market cap of $189.65 billion, a P/E ratio of 23.06, a P/E/G ratio of 0.65 and a beta of 0.49. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts anticipate that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.63%. T-Mobile US’s payout ratio is currently 37.52%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total value of $27,335,934.85. Following the sale, the director now directly owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the sale, the director now owns 680,306,713 shares in the company, valued at $108,815,058,744.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the sale, the insider now owns 125,687 shares in the company, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Insiders have sold 5,689,170 shares of company stock worth $924,847,536 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

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.