T-Mobile US, Inc. (NASDAQ:TMUS) Stock Holdings Cut by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,341 shares of the Wireless communications provider's stock after selling 73,841 shares during the quarter. Mackenzie Financial Corp's holdings in T-Mobile US were worth $73,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Barclays PLC grew its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares during the last quarter. Tallon Kerry Patrick bought a new position in T-Mobile US in the 4th quarter valued at $2,138,000. Daymark Wealth Partners LLC bought a new position in T-Mobile US in the 4th quarter valued at $210,000. Mutual Advisors LLC grew its position in T-Mobile US by 0.8% in the 4th quarter. Mutual Advisors LLC now owns 8,999 shares of the Wireless communications provider's stock valued at $1,942,000 after acquiring an additional 71 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in T-Mobile US by 76.3% in the 4th quarter. Avior Wealth Management LLC now owns 3,414 shares of the Wireless communications provider's stock valued at $754,000 after acquiring an additional 1,478 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TMUS shares. Barclays upped their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Tigress Financial upped their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Oppenheimer lifted their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $257.68.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. The trade was a 18.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

NASDAQ TMUS traded up $4.78 during mid-day trading on Friday, hitting $243.20. The stock had a trading volume of 1,357,143 shares, compared to its average volume of 4,210,194. T-Mobile US, Inc. has a 52-week low of $168.47 and a 52-week high of $276.49. The company has a market cap of $276.14 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a 50 day simple moving average of $251.04 and a 200 day simple moving average of $243.81. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period last year, the business posted $2.00 EPS. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

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.