Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 6,526 T-Mobile US, Inc. $TMUS

Key Points

• Connor Clark & Lunn Investment Management initiated a T-Mobile US position by purchasing 6,526 shares worth approximately $1.1 million in the second quarter. Institutional investors collectively own 42.49% of the company.
• T-Mobile exceeded quarterly earnings expectations, reporting $2.99 in EPS versus the $2.59 consensus estimate, while revenue rose 7.9% year over year to $22.79 billion.
• The company declared a quarterly dividend of $1.02, equivalent to an annualized $4.08 payout and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,526 shares of the Wireless communications provider's stock, valued at approximately $1,095,000.

Several other hedge funds have also bought and sold shares of TMUS. Lansforsakringar Fondforvaltning AB publ boosted its position in T-Mobile US by 14.6% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider's stock worth $39,354,000 after purchasing an additional 23,836 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of T-Mobile US by 34.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider's stock valued at $12,593,000 after buying an additional 15,495 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of T-Mobile US by 16.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider's stock worth $20,010,000 after buying an additional 14,110 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of T-Mobile US by 32.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider's stock valued at $62,370,000 after buying an additional 72,922 shares in the last quarter. Finally, Liontrust Investment Partners LLP lifted its position in shares of T-Mobile US by 46.0% during the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider's stock valued at $12,056,000 after buying an additional 18,075 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $181.37 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The stock's 50 day simple moving average is $181.12 and its 200-day simple moving average is $193.32. The stock has a market cap of $194.55 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $258.66.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.84 earnings per share. Analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US's dividend payout ratio (DPR) is 42.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TMUS shares. Scotiabank reduced their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a research report on Wednesday, July 15th. Morgan Stanley cut their target price on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, July 7th. Barclays reduced their price target on shares of T-Mobile US from $230.00 to $215.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada lowered their price objective on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.08.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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