Mackenzie Financial Corp Sells 1,340 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Mackenzie Financial Corp reduced its stake in T-Mobile US, Inc. by selling 1,340 shares, now holding 333,001 shares valued at approximately $88.8 million.
• The company also announced a quarterly dividend of $0.88 per share, with an annualized dividend yield of 1.47% and a payout ratio of 33.21%.
• T-Mobile US reported a 6.9% increase in quarterly revenue year-over-year, with earnings per share of $2.84, surpassing analysts' expectations.

Mackenzie Financial Corp cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 333,001 shares of the Wireless communications provider's stock after selling 1,340 shares during the period. Mackenzie Financial Corp's holdings in T-Mobile US were worth $88,815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Godsey & Gibb Inc. lifted its stake in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the last quarter. Adirondack Trust Co. raised its holdings in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares in the last quarter. City Holding Co. raised its holdings in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares in the last quarter. Pinney & Scofield Inc. bought a new stake in T-Mobile US during the fourth quarter worth approximately $39,000. Finally, 10Elms LLP bought a new stake in T-Mobile US during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 1,473,190 shares of company stock valued at $340,769,943. 0.37% of the stock is owned by insiders.

T-Mobile US Price Performance

Shares of TMUS stock traded up $2.33 during trading hours on Wednesday, reaching $241.58. The company's stock had a trading volume of 4,208,604 shares, compared to its average volume of 4,375,379. The company has a market capitalization of $271.88 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.31 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a fifty-two week low of $176.89 and a fifty-two week high of $276.49. The firm's 50 day simple moving average is $235.03 and its 200-day simple moving average is $245.00.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the company earned $2.49 EPS. T-Mobile US's revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 33.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TMUS. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Morgan Stanley raised their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Tigress Financial lifted their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

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.