Dai ichi Life Insurance Company Ltd Has $25.41 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Dai ichi Life Insurance Company Ltd trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,118 shares of the Wireless communications provider’s stock after selling 27,678 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in T-Mobile US were worth $25,407,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DT Investment Partners LLC grew its stake in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares in the last quarter. MFA Wealth Advisors LLC grew its stake in shares of T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares during the period. WASHINGTON TRUST Co grew its stake in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US during the 2nd quarter worth $27,000. Finally, Summit Securities Group LLC bought a new position in shares of T-Mobile US during the 2nd quarter worth $27,000. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,750 shares of company stock worth $72,863,634 over the last quarter. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Up 0.7 %

Shares of NASDAQ:TMUS opened at $239.94 on Tuesday. The stock has a fifty day simple moving average of $220.26 and a two-hundred day simple moving average of $195.92. The stock has a market capitalization of $278.45 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.22 and a beta of 0.50. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 29.65%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI increased their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. TD Cowen raised their price target on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. KeyCorp raised their price target on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Barclays lifted their price objective on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

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.