The Manufacturers Life Insurance Company Reduces Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

The Manufacturers Life Insurance Company lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 723,176 shares of the Wireless communications provider’s stock after selling 493 shares during the period. The Manufacturers Life Insurance Company’s holdings in T-Mobile US were worth $127,409,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. WASHINGTON TRUST Co raised its stake in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the period. Y.D. More Investments Ltd bought a new position in T-Mobile US during the 2nd quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in T-Mobile US in the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in T-Mobile US in the second quarter worth about $30,000. Finally, Westside Investment Management Inc. boosted its position in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 target price on the stock. Benchmark boosted their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Finally, KeyCorp boosted their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Eighteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $214.36.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The disclosure for this sale can be found here. Insiders sold 306,492 shares of company stock worth $60,078,776 in the last three months. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $205.18 on Friday. The company has a 50 day moving average of $194.35 and a two-hundred day moving average of $177.77. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $208.16. The company has a market cap of $240.44 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the firm earned $1.86 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts predict that T-Mobile US, Inc. will post 9.13 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 47.89%.

T-Mobile US 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.