Mackenzie Financial Corp Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Mackenzie Financial Corp decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 333,001 shares of the Wireless communications provider’s stock after selling 1,340 shares during the quarter. Mackenzie Financial Corp’s holdings in T-Mobile US were worth $88,815,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Godsey & Gibb Inc. increased its position in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 60 shares during the last quarter. City Holding Co. increased its position in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 43 shares during the last quarter. Adirondack Trust Co. increased its position in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 110 shares during the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of T-Mobile US during the 4th quarter valued at about $39,000. Finally, Tsfg LLC purchased a new stake in shares of T-Mobile US during the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 2.2%

TMUS stock opened at $238.19 on Tuesday. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market capitalization of $268.06 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.33 and a beta of 0.62. The business has a 50 day simple moving average of $235.07 and a two-hundred day simple moving average of $245.04.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the company posted $2.49 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.48%. T-Mobile US’s payout ratio is 33.21%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TMUS. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. KeyCorp reaffirmed an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target for the company. Finally, Royal Bank Of Canada increased their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $256.31.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 1,333,510 shares of company stock valued at $306,996,018. Corporate insiders own 0.37% of the company’s stock.

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.