650,055 Shares in T-Mobile US, Inc. $TMUS Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 650,055 shares of the Wireless communications provider’s stock, valued at approximately $109,034,000. The Manufacturers Life Insurance Company owned about 0.06% of T-Mobile US as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Financial Advisors purchased a new position in T-Mobile US during the second quarter valued at approximately $50,000. Manning & Napier Advisors LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $11,230,000. L2 Asset Management LLC purchased a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $454,000. Cetera Trust Company N.A purchased a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $1,933,000. Finally, Dearborn Partners LLC acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $22,819,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $181.61 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a fifty day moving average of $181.24 and a 200 day moving average of $193.73. The firm has a market cap of $194.81 billion, a PE ratio of 19.02, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $258.66.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same period last year, the firm posted $2.84 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays lowered their price target on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Royal Bank Of Canada decreased their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. UBS Group dropped their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Weiss Ratings lowered T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.