Resona Asset Management Co. Ltd. Has $37.89 Million Stake in T-Mobile US, Inc. $TMUS

Resona Asset Management Co. Ltd. decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 186,573 shares of the Wireless communications provider’s stock after selling 7,068 shares during the period. Resona Asset Management Co. Ltd.’s holdings in T-Mobile US were worth $37,885,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. McKinley Carter Wealth Services Inc. increased its holdings in shares of T-Mobile US by 3.9% during the fourth quarter. McKinley Carter Wealth Services Inc. now owns 8,640 shares of the Wireless communications provider’s stock worth $1,754,000 after buying an additional 328 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of T-Mobile US by 8.6% during the fourth quarter. Profund Advisors LLC now owns 99,112 shares of the Wireless communications provider’s stock worth $20,124,000 after buying an additional 7,847 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of T-Mobile US by 40.2% during the fourth quarter. ProShare Advisors LLC now owns 1,836,143 shares of the Wireless communications provider’s stock worth $372,810,000 after buying an additional 526,641 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of T-Mobile US by 2.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 29,563 shares of the Wireless communications provider’s stock worth $6,002,000 after buying an additional 776 shares in the last quarter. Finally, Arrow Financial Corp increased its holdings in shares of T-Mobile US by 1.1% during the fourth quarter. Arrow Financial Corp now owns 10,811 shares of the Wireless communications provider’s stock worth $2,195,000 after buying an additional 122 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, Director G Michael Sievert sold 1,089 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the transaction, the director owned 125,696 shares of the company’s stock, valued at approximately $27,885,657.60. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares in the company, valued at $229,501.80. The trade was a 76.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 138,894 shares of company stock worth $29,902,357. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $190.65 on Tuesday. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The company’s 50 day simple moving average is $200.77 and its 200-day simple moving average is $202.74. The stock has a market capitalization of $206.32 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.09 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same quarter in the previous year, the business earned $2.58 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is currently 43.40%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TMUS. JPMorgan Chase & Co. decreased their price target on shares of T-Mobile US from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. KeyCorp raised shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research note on Monday, April 13th. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target on the stock in a research note on Thursday, February 19th. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target on the stock in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.48.

Read Our Latest Stock Analysis on TMUS

About T-Mobile US

(Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

See Also

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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