The Manufacturers Life Insurance Company Acquires 6,885 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

The Manufacturers Life Insurance Company lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 730,061 shares of the Wireless communications provider’s stock after acquiring an additional 6,885 shares during the period. The Manufacturers Life Insurance Company’s holdings in T-Mobile US were worth $150,655,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can lifted its stake in T-Mobile US by 5.6% during the third quarter. Bank of Montreal Can now owns 1,069,371 shares of the Wireless communications provider’s stock worth $219,414,000 after purchasing an additional 56,493 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of T-Mobile US by 64.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,315 shares of the Wireless communications provider’s stock worth $1,303,000 after buying an additional 2,467 shares during the period. DRW Securities LLC boosted its stake in T-Mobile US by 7.7% in the 3rd quarter. DRW Securities LLC now owns 12,143 shares of the Wireless communications provider’s stock valued at $2,506,000 after buying an additional 865 shares in the last quarter. Independent Advisor Alliance grew its position in T-Mobile US by 0.9% in the third quarter. Independent Advisor Alliance now owns 38,302 shares of the Wireless communications provider’s stock valued at $7,904,000 after acquiring an additional 349 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its stake in T-Mobile US by 53.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 59,649 shares of the Wireless communications provider’s stock worth $12,309,000 after acquiring an additional 20,700 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 2.1 %

Shares of TMUS stock opened at $244.92 on Wednesday. The company has a market capitalization of $284.23 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 1.23 and a beta of 0.50. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $245.17. The firm has a fifty day moving average of $221.10 and a 200-day moving average of $196.49. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.82 EPS. As a group, equities research analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. T-Mobile US’s dividend payout ratio is currently 29.65%.

Insider Activity

In related news, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The trade was a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the transaction, the chief financial officer now directly owns 61,307 shares of the company’s stock, valued at $14,318,249.85. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock worth $72,863,634 over the last ninety days. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TMUS shares. TD Cowen boosted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group boosted their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Scotiabank raised their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Finally, Bank of America increased their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Company Profile

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.