Connor Clark & Lunn Investment Management Ltd. Purchases 125,244 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 356.7% during the 3rd quarter, Holdings Channel reports. The firm owned 160,354 shares of the Wireless communications provider’s stock after purchasing an additional 125,244 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in T-Mobile US were worth $33,091,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. DT Investment Partners LLC boosted its stake in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. MFA Wealth Advisors LLC boosted its position in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the last quarter. WASHINGTON TRUST Co grew its stake in T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Y.D. More Investments Ltd bought a new stake in shares of T-Mobile US during the 2nd quarter worth $27,000. Finally, Summit Securities Group LLC bought a new stake in shares of T-Mobile US during the 2nd quarter worth $27,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Bank of America raised their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Cowen increased their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup raised their target price on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Oppenheimer upped their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a 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 stock. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Stock Performance

Shares of TMUS opened at $233.20 on Wednesday. T-Mobile US, Inc. has a 12-month low of $147.24 and a 12-month high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market cap of $270.63 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. The stock has a 50-day moving average price of $217.45 and a 200-day moving average price of $193.82.

T-Mobile US (NASDAQ:TMUS) last announced its 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 business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 earnings per share. As a group, equities analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 27th. 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 yield of 1.51%. T-Mobile US’s payout ratio is 29.65%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at $24,571,741.10. The trade was a 2.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the transaction, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. This represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 455,338 shares of company stock worth $95,539,866 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

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.