Sumitomo Mitsui DS Asset Management Company Ltd Has $12.36 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,174 shares of the Wireless communications provider’s stock after purchasing an additional 5,772 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in T-Mobile US were worth $12,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Compton Wealth Advisory Group LLC raised its position in shares of T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after buying an additional 56 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of T-Mobile US by 22.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after buying an additional 58 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of T-Mobile US by 2.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after buying an additional 64 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of T-Mobile US by 39.7% in the 2nd quarter. Westside Investment Management Inc. now owns 243 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 69 shares in the last quarter. Finally, Nvwm LLC raised its position in shares of T-Mobile US by 2.3% in the 1st quarter. Nvwm LLC now owns 3,059 shares of the Wireless communications provider’s stock valued at $499,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TMUS. Barclays boosted their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Evercore ISI raised shares of T-Mobile US to a “hold” rating in a report on Thursday, August 1st. Bank of America lifted their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $198.63.

T-Mobile US Trading Down 0.7 %

NASDAQ:TMUS opened at $198.72 on Friday. The firm’s fifty day moving average is $185.65 and its 200-day moving average is $172.41. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84. T-Mobile US, Inc. has a 52 week low of $132.40 and a 52 week high of $205.28. The firm has a market cap of $232.87 billion, a P/E ratio of 27.04, a P/E/G ratio of 0.76 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period in the prior year, the firm posted $1.86 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts expect that T-Mobile US, Inc. will post 9.05 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Activity at T-Mobile US

In related news, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the transaction, the director now owns 1,826,204 shares in the company, valued at approximately $365,441,682.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the transaction, the director now owns 1,826,204 shares in the company, valued at approximately $365,441,682.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 227,604 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $179.96, for a total transaction of $40,959,615.84. Following the transaction, the director now owns 672,796,281 shares in the company, valued at approximately $121,076,418,728.76. The disclosure for this sale can be found here. Insiders have sold 2,034,062 shares of company stock worth $363,689,766 in the last quarter. Company insiders own 0.67% 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.