Connor Clark & Lunn Investment Management Ltd. Buys 7,169 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in T-Mobile US, Inc. by 4.3% during Q1, now owning 172,801 shares valued at approximately $46 million.
• Insider transactions included a sale of 69,840 shares by Director Telekom Ag Deutsche for approximately $16.7 million on August 6th.
• T-Mobile US recently announced a quarterly dividend of $0.88, to be paid on September 11th, reflecting an annualized dividend yield of 1.4%.

Connor Clark & Lunn Investment Management Ltd. raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,801 shares of the Wireless communications provider's stock after acquiring an additional 7,169 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in T-Mobile US were worth $46,088,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Ancora Advisors LLC increased its position in shares of T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 37 shares during the last quarter. Snowden Capital Advisors LLC grew its holdings in T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after buying an additional 40 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 41 shares in the last quarter. Hohimer Wealth Management LLC grew its holdings in shares of T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after purchasing an additional 41 shares in the last quarter. Finally, Journey Strategic Wealth LLC grew its holdings in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insiders Place Their Bets

In other T-Mobile US news, insider Jon Freier sold 7,000 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $250.00, for a total value of $1,750,000.00. Following the completion of the transaction, the insider directly owned 199,643 shares of the company's stock, valued at approximately $49,910,750. The trade was a 3.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Callie R. Field sold 12,300 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the transaction, the insider directly owned 110,891 shares of the company's stock, valued at approximately $26,702,552.80. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,764,850 shares of company stock worth $410,591,012 in the last ninety days. Insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TMUS shares. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. KeyCorp restated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Royal Bank Of Canada boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Price Performance

TMUS stock traded up $3.41 on Tuesday, hitting $252.28. 4,620,336 shares of the company's stock traded hands, compared to its average volume of 4,360,896. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The stock has a market cap of $283.92 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 1.35 and a beta of 0.62. The stock has a fifty day moving average of $234.95 and a 200-day moving average of $246.75. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.49 EPS. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

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.