Mackenzie Financial Corp Acquires 92,532 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mackenzie Financial Corp grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 44.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,488 shares of the Wireless communications provider's stock after acquiring an additional 92,532 shares during the quarter. Mackenzie Financial Corp's holdings in T-Mobile US were worth $48,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. BluePath Capital Management LLC acquired a new stake in shares of T-Mobile US in the third quarter valued at about $26,000. Valley National Advisers Inc. grew its stake in shares of T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 123 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in shares of T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider's stock valued at $29,000 after buying an additional 81 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of T-Mobile US in the first quarter valued at about $31,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at about $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Callie R. Field sold 5,844 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now owns 102,555 shares of the company's stock, valued at approximately $17,274,364.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now owns 102,555 shares of the company's stock, valued at approximately $17,274,364.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $161.05, for a total value of $6,442,000.00. Following the sale, the chief executive officer now directly owns 496,036 shares in the company, valued at approximately $79,886,597.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,030,576 shares of company stock valued at $979,527,121. Insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TMUS shares. Wells Fargo & Company increased their target price on T-Mobile US from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. Raymond James raised their price objective on T-Mobile US from $180.00 to $185.00 and gave the company a "strong-buy" rating in a research note on Friday, January 26th. Royal Bank of Canada restated an "outperform" rating and set a $184.00 price objective on shares of T-Mobile US in a research note on Wednesday, March 20th. Morgan Stanley raised their price objective on T-Mobile US from $180.00 to $186.00 and gave the company an "overweight" rating in a research note on Monday, January 29th. Finally, Tigress Financial raised their price objective on T-Mobile US from $204.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $185.93.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $0.30 during trading hours on Wednesday, reaching $160.09. 4,098,282 shares of the stock were exchanged, compared to its average volume of 4,526,863. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $162.32 and a 200-day simple moving average of $155.88. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $168.64. The stock has a market capitalization of $190.01 billion, a P/E ratio of 23.06, a P/E/G ratio of 0.65 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.23). The firm had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, May 31st. T-Mobile US's dividend payout ratio (DPR) is 37.52%.

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.