Resona Asset Management Co. Ltd. Invests $43.07 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

Resona Asset Management Co. Ltd. purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 194,898 shares of the Wireless communications provider's stock, valued at approximately $43,068,000.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after purchasing an additional 602,786 shares during the period. Geode Capital Management LLC lifted its holdings in shares of T-Mobile US by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after purchasing an additional 90,755 shares during the last quarter. Norges Bank purchased a new stake in shares of T-Mobile US during the fourth quarter worth about $1,802,393,000. Franklin Resources Inc. increased its stake in T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in T-Mobile US by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock worth $712,966,000 after acquiring an additional 85,012 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TMUS shares. Tigress Financial reiterated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Oppenheimer upped their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a research note on Friday, March 14th. Finally, Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $256.80.

T-Mobile US Trading Down 0.2 %

T-Mobile US stock traded down $0.64 during mid-day trading on Thursday, hitting $254.26. The company's stock had a trading volume of 2,179,289 shares, compared to its average volume of 4,231,961. T-Mobile US, Inc. has a 1 year low of $159.14 and a 1 year high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $290.30 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The stock's fifty day moving average is $259.49 and its two-hundred day moving average is $236.51.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

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.