Nissay Asset Management Corp Japan ADV Has $40.71 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Nissay Asset Management Corp Japan ADV raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 182,531 shares of the Wireless communications provider’s stock after purchasing an additional 13,402 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in T-Mobile US were worth $40,708,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. NorthRock Partners LLC raised its holdings in shares of T-Mobile US by 76.1% in the fourth quarter. NorthRock Partners LLC now owns 6,635 shares of the Wireless communications provider’s stock valued at $1,465,000 after purchasing an additional 2,868 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of T-Mobile US by 5.0% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 21,749 shares of the Wireless communications provider’s stock worth $4,801,000 after buying an additional 1,029 shares in the last quarter. Napa Wealth Management lifted its position in shares of T-Mobile US by 128.1% during the 4th quarter. Napa Wealth Management now owns 13,031 shares of the Wireless communications provider’s stock worth $2,876,000 after buying an additional 7,319 shares in the last quarter. MJP Associates Inc. ADV boosted its position in T-Mobile US by 5.4% in the fourth quarter. MJP Associates Inc. ADV now owns 1,789 shares of the Wireless communications provider’s stock worth $395,000 after purchasing an additional 92 shares during the last quarter. Finally, Lionshead Wealth Management LLC purchased a new position in T-Mobile US in the fourth quarter worth $451,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TMUS. Barclays boosted their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Royal Bank of Canada increased their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, March 21st. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Trading Down 1.2%

Shares of TMUS stock opened at $237.34 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $255.36 and a two-hundred day moving average price of $242.84. T-Mobile US, Inc. has a 12-month low of $161.72 and a 12-month high of $276.49. The firm has a market cap of $269.49 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the prior year, the firm earned $2.00 earnings per share. T-Mobile US’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.67% 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.