Asset Management One Co. Ltd. Trims Holdings in T-Mobile US, Inc. $TMUS

Asset Management One Co. Ltd. lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,516 shares of the Wireless communications provider’s stock after selling 18,219 shares during the period. Asset Management One Co. Ltd.’s holdings in T-Mobile US were worth $57,305,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC purchased a new position in T-Mobile US during the 2nd quarter valued at about $284,000. Crestwood Advisors Group LLC increased its holdings in T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after purchasing an additional 724 shares during the period. Berkshire Bank increased its holdings in T-Mobile US by 12.5% during the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after purchasing an additional 1,400 shares during the period. Canada Pension Plan Investment Board increased its holdings in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after purchasing an additional 864,030 shares during the period. Finally, Nordea Investment Management AB increased its holdings in T-Mobile US by 19.9% during the 2nd quarter. Nordea Investment Management AB now owns 1,904,969 shares of the Wireless communications provider’s stock valued at $450,887,000 after purchasing an additional 315,644 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $250.00 to $260.00 in a report on Thursday, October 16th. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Scotiabank upped their target price on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday, October 6th. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Finally, The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $268.71.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director owned 582,220,759 shares in the company, valued at $131,680,869,063.03. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 2,389,677 shares of company stock valued at $575,795,321. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $219.99 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $247.58 billion, a P/E ratio of 20.75, a PEG ratio of 1.56 and a beta of 0.59. The stock’s 50 day moving average is $240.04 and its 200 day moving average is $240.85. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.61 EPS. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is currently 33.21%.

About T-Mobile US

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.