Sumitomo Mitsui DS Asset Management Company Ltd Reduces Holdings in T-Mobile US, Inc. $TMUS

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 69,199 shares of the Wireless communications provider’s stock after selling 4,856 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in T-Mobile US were worth $16,487,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Activest Wealth Management grew its stake in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Godsey & Gibb Inc. grew its stake in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 60 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC grew its stake in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Adirondack Trust Co. grew its stake in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.3%

Shares of NASDAQ:TMUS opened at $238.83 on Friday. T-Mobile US, Inc. has a 12-month low of $197.00 and a 12-month high of $276.49. The company has a market capitalization of $268.78 billion, a PE ratio of 22.53, a PEG ratio of 1.31 and a beta of 0.61. The business has a 50 day moving average of $243.68 and a two-hundred day moving average of $245.96. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the company posted $2.49 earnings per share. T-Mobile US’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. T-Mobile US’s payout ratio is presently 33.21%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TMUS. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. Arete Research raised T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. The Goldman Sachs Group started coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price for the company. KeyCorp reaffirmed an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price for the company in a report on Monday, July 7th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $258.02.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company’s stock, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 2,611,714 shares of company stock valued at $628,056,504 over the last three months. Insiders own 0.37% 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.