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

Connor Clark & Lunn Investment Management Ltd. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 356.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 160,354 shares of the Wireless communications provider's stock after acquiring 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 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock worth $51,586,000 after acquiring an additional 248,828 shares during the last quarter. Victory Capital Management Inc. raised its stake in T-Mobile US by 0.9% during the third quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider's stock worth $193,377,000 after purchasing an additional 8,101 shares during the period. NewEdge Advisors LLC lifted its stake in shares of T-Mobile US by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider's stock valued at $37,184,000 after purchasing an additional 25,217 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in T-Mobile US by 84.6% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider's stock worth $46,224,000 after buying an additional 102,663 shares during the period. Finally, Fiera Capital Corp acquired a new stake in shares of T-Mobile US during the third quarter valued at about $483,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares in the company, valued at $24,571,741.10. This represents a 2.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 455,338 shares of company stock worth $95,539,866 in the last quarter. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TMUS. Benchmark boosted their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Evercore ISI lifted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. TD Cowen lifted their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Scotiabank raised their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein raised shares of T-Mobile US to a "strong-buy" rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $241.83.

T-Mobile US Stock Up 1.0 %

Shares of T-Mobile US stock traded up $2.27 during midday trading on Wednesday, hitting $235.47. The company's stock had a trading volume of 2,602,926 shares, compared to its average volume of 4,421,048. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 1-year low of $147.96 and a 1-year high of $242.43. The stock has a 50-day simple moving average of $217.45 and a 200-day simple moving average of $193.82. The firm has a market capitalization of $273.26 billion, a P/E ratio of 26.59, a PEG ratio of 1.20 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This is an increase from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, November 27th. T-Mobile US's payout ratio is presently 29.65%.

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.