T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 165,632 shares of the Wireless communications provider’s stock after purchasing an additional 5,278 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in T-Mobile US were worth $36,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Rakuten Securities Inc. lifted its holdings in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of T-Mobile US by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider’s stock valued at $8,272,000 after buying an additional 1,859 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of T-Mobile US by 4.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,942 shares of the Wireless communications provider’s stock valued at $870,000 after buying an additional 164 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of T-Mobile US by 24.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,519 shares of the Wireless communications provider’s stock valued at $335,000 after buying an additional 298 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in T-Mobile US by 2.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,653 shares of the Wireless communications provider’s stock worth $3,234,000 after purchasing an additional 398 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $255.61 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The business has a 50 day simple moving average of $242.14 and a 200-day simple moving average of $227.74. The firm has a market capitalization of $291.84 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Activity at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TMUS shares. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a report on Thursday, December 12th. HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Scotiabank upped their price target on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Oppenheimer upped their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $254.10.

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.