Daiwa Securities Group Inc. Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Daiwa Securities Group Inc. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,940 shares of the Wireless communications provider's stock after acquiring an additional 7,212 shares during the quarter. Daiwa Securities Group Inc.'s holdings in T-Mobile US were worth $32,434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also 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 third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after acquiring an additional 602,786 shares in the last quarter. FMR LLC lifted its position in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after acquiring an additional 590,711 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of T-Mobile US by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock valued at $712,966,000 after acquiring an additional 85,012 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

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Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares of the company's stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

T-Mobile US Trading Down 0.4 %

Shares of NASDAQ TMUS traded down $1.06 during trading on Wednesday, reaching $255.61. The stock had a trading volume of 3,980,431 shares, compared to its average volume of 4,000,982. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. 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's 50-day moving average price is $242.14 and its 200-day moving average price is $227.74. The company has a market cap of $291.84 billion, a P/E ratio of 26.43, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders 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 of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TMUS. Tigress Financial reiterated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Scotiabank lifted their price objective on T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Benchmark reiterated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein began coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $254.10.

T-Mobile US 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.