Nomura Asset Management Co. Ltd. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 237,584 shares of the Wireless communications provider's stock after acquiring an additional 10,337 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in T-Mobile US were worth $49,028,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC raised its holdings in T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock worth $2,660,758,000 after buying an additional 1,522,394 shares during the period. Wellington Management Group LLP increased its position in shares of T-Mobile US by 4.0% in the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after acquiring an additional 602,786 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock valued at $837,032,000 after acquiring an additional 303,582 shares during the period. Integrated Investment Consultants LLC purchased a new stake in shares of T-Mobile US in the 3rd quarter valued at approximately $53,844,000. Finally, International Assets Investment Management LLC boosted its stake in T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock worth $51,586,000 after purchasing an additional 248,828 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at T-Mobile US
In related news, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the transaction, the director now directly owns 4,021 shares in the company, valued at $989,166. The trade was a 19.92 % 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, CEO G Michael Sievert sold 20,000 shares of the firm's stock in a transaction that occurred 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. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 341,178 shares of company stock valued at $73,048,712 in the last 90 days. 0.67% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
TMUS has been the topic of several recent analyst reports. Oppenheimer boosted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Citigroup upped their price target on T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday. They set a "market perform" rating and a $265.00 price objective for the company. Tigress Financial lifted their target price on T-Mobile US from $235.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.42.
Check Out Our Latest Research Report on T-Mobile US
T-Mobile US Stock Performance
TMUS stock traded up $4.64 during midday trading on Tuesday, hitting $233.50. 5,352,646 shares of the company traded hands, compared to its average volume of 4,364,595. The business has a 50 day simple moving average of $228.52 and a 200-day simple moving average of $201.51. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a twelve month low of $153.84 and a twelve month high of $248.15. The stock has a market capitalization of $270.97 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. As a group, equities research analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.
T-Mobile US Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.51%. T-Mobile US's payout ratio is 40.14%.
T-Mobile US Company Profile
(
Free Report)
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.
Featured Articles
Before you consider T-Mobile US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.
While T-Mobile US currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
