The Manufacturers Life Insurance Company Has $126.23 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

The Manufacturers Life Insurance Company trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 983,403 shares of the Wireless communications provider’s stock after selling 19,513 shares during the period. The Manufacturers Life Insurance Company’s holdings in T-Mobile US were worth $126,230,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Glassman Wealth Services raised its position in shares of T-Mobile US by 19.8% in the 1st quarter. Glassman Wealth Services now owns 479 shares of the Wireless communications provider’s stock valued at $61,000 after acquiring an additional 79 shares during the period. Koshinski Asset Management Inc. raised its holdings in T-Mobile US by 48.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 80 shares during the period. Parkside Financial Bank & Trust raised its holdings in T-Mobile US by 17.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 564 shares of the Wireless communications provider’s stock worth $65,000 after buying an additional 85 shares during the period. First Bank & Trust raised its holdings in T-Mobile US by 13.6% during the 1st quarter. First Bank & Trust now owns 733 shares of the Wireless communications provider’s stock worth $94,000 after buying an additional 88 shares during the period. Finally, KC Investment Advisors LLC raised its holdings in T-Mobile US by 1.3% during the 4th quarter. KC Investment Advisors LLC now owns 7,302 shares of the Wireless communications provider’s stock worth $847,000 after buying an additional 91 shares during the period. 45.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, insider Neville R. Ray sold 50,000 shares of T-Mobile US stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the completion of the transaction, the insider now directly owns 363,902 shares of the company’s stock, valued at $52,842,209.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other T-Mobile US news, insider Neville R. Ray sold 50,000 shares of T-Mobile US stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the completion of the transaction, the insider now directly owns 363,902 shares of the company’s stock, valued at $52,842,209.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $146.92, for a total value of $2,938,400.00. Following the sale, the chief executive officer now directly owns 634,472 shares of the company’s stock, valued at approximately $93,216,626.24. The disclosure for this sale can be found here. Insiders sold a total of 101,846 shares of company stock valued at $14,808,930 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $141.02 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.05. The firm has a fifty day simple moving average of $141.66 and a 200 day simple moving average of $133.65. T-Mobile US, Inc. has a 1-year low of $101.51 and a 1-year high of $148.04. The stock has a market capitalization of $176.84 billion, a PE ratio of 102.93, a P/E/G ratio of 2.14 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUSGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The Wireless communications provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $1.02. T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The firm had revenue of $19.70 billion during the quarter, compared to analysts’ expectations of $20.08 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, research analysts expect that T-Mobile US, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Tigress Financial raised their target price on shares of T-Mobile US from $185.00 to $195.00 in a report on Friday, June 24th. Cowen raised their target price on shares of T-Mobile US from $179.00 to $187.00 in a report on Thursday, July 28th. TheStreet downgraded shares of T-Mobile US from a “b” rating to a “c+” rating in a report on Wednesday, July 27th. Wolfe Research began coverage on shares of T-Mobile US in a research note on Thursday, June 2nd. They set an “outperform” rating and a $159.00 price target for the company. Finally, KeyCorp raised their price target on shares of T-Mobile US from $155.00 to $161.00 and gave the stock an “overweight” rating in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.91.

About T-Mobile US

(Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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