T-Mobile US, Inc. $TMUS Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its position in T-Mobile US, Inc. by 6.3%, selling 43,590 shares and now holding approximately 0.06% of the company's stock valued at $172.63 million.
• Analysts have mixed views on T-Mobile's stock, with ratings ranging from "Strong Buy" to "Underweight," and a consensus target price of $256.31.
• T-Mobile US has announced a quarterly dividend of $0.88 per share, with an annualized yield of 1.4%, payable on September 11th.

The Manufacturers Life Insurance Company reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 647,258 shares of the Wireless communications provider's stock after selling 43,590 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of T-Mobile US worth $172,630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Magnetar Financial LLC acquired a new stake in T-Mobile US during the first quarter worth about $381,000. Canada Pension Plan Investment Board boosted its position in T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after buying an additional 864,030 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in T-Mobile US in the first quarter valued at about $132,000. WPG Advisers LLC bought a new stake in shares of T-Mobile US in the first quarter worth $106,000. Finally, State of Wyoming increased its holdings in T-Mobile US by 36.5% in the first quarter. State of Wyoming now owns 807 shares of the Wireless communications provider's stock valued at $215,000 after buying an additional 216 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TMUS shares. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Bank of America began coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Redburn Atlantic raised shares of 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 note on Monday, July 7th. Finally, Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $251.23, for a total value of $17,545,903.20. Following the completion of the sale, the director directly owned 635,503,484 shares in the company, valued at $159,657,540,285.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $251.12, for a total value of $627,800.00. Following the transaction, the insider directly owned 158,703 shares of the company's stock, valued at approximately $39,853,497.36. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,418,410 shares of company stock valued at $575,342,737 over the last quarter. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

TMUS stock opened at $251.99 on Friday. The company has a 50-day simple moving average of $240.80 and a 200 day simple moving average of $248.02. The company has a market capitalization of $283.59 billion, a P/E ratio of 23.77, a PEG ratio of 1.37 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 $192.61 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its 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. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter last year, the company earned $2.49 EPS. T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend 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.

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