Nomura Asset Management Co. Ltd. Lowers Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Nomura Asset Management Co. Ltd. lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 223,233 shares of the Wireless communications provider's stock after selling 14,351 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in T-Mobile US were worth $49,274,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TMUS. Broadway Wealth Solutions Inc. bought a new position in T-Mobile US in the 4th quarter worth about $310,000. New Age Alpha Advisors LLC lifted its holdings in shares of T-Mobile US by 51,463.4% in the fourth quarter. New Age Alpha Advisors LLC now owns 57,751 shares of the Wireless communications provider's stock worth $12,747,000 after buying an additional 57,639 shares in the last quarter. Norges Bank purchased a new position in T-Mobile US during the fourth quarter valued at approximately $1,802,393,000. NEOS Investment Management LLC increased its holdings in T-Mobile US by 18.4% during the 4th quarter. NEOS Investment Management LLC now owns 107,525 shares of the Wireless communications provider's stock worth $23,734,000 after acquiring an additional 16,686 shares during the period. Finally, UniSuper Management Pty Ltd lifted its stake in T-Mobile US by 42.6% in the 4th quarter. UniSuper Management Pty Ltd now owns 172,463 shares of the Wireless communications provider's stock worth $38,068,000 after purchasing an additional 51,525 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

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Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.67% of the company's stock.

T-Mobile US Trading Down 1.8 %

Shares of NASDAQ TMUS traded down $4.74 during trading hours on Wednesday, hitting $263.80. The company's stock had a trading volume of 1,038,325 shares, compared to its average volume of 4,155,158. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. The stock has a market cap of $301.19 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The business has a 50-day simple moving average of $254.86 and a 200-day simple moving average of $234.05.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. T-Mobile US's dividend payout ratio is 36.40%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TMUS. Tigress Financial reaffirmed a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Morgan Stanley initiated coverage on T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target on the stock. Oppenheimer boosted their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Bank of America raised their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Finally, UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

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.