T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,061 shares of the Wireless communications provider’s stock after purchasing an additional 6,885 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of T-Mobile US worth $150,655,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its position in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the last quarter. Swedbank AB lifted its holdings in shares of T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after purchasing an additional 12,411 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of T-Mobile US by 55.2% during the third quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider’s stock valued at $7,378,000 after purchasing an additional 12,712 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of T-Mobile US by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider’s stock valued at $193,377,000 after purchasing an additional 8,101 shares during the period. Finally, NewEdge Advisors LLC increased its stake in T-Mobile US by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after purchasing an additional 25,217 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 2.1 %

Shares of TMUS stock opened at $244.92 on Wednesday. The stock’s 50 day simple moving average is $221.10 and its 200 day simple moving average is $196.49. T-Mobile US, Inc. has a twelve month low of $147.96 and a twelve month high of $245.17. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market capitalization of $284.23 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.23 and a beta of 0.50.

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

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.44%. T-Mobile US’s payout ratio is presently 29.65%.

Analyst Ratings Changes

Several research firms have recently weighed in on TMUS. Benchmark lifted their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Barclays increased their target price on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Evercore ISI lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 340,750 shares of company stock valued at $72,863,634. 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.