Nissay Asset Management Corp Japan ADV Buys 13,402 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Nissay Asset Management Corp Japan ADV grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 182,531 shares of the Wireless communications provider’s stock after purchasing an additional 13,402 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in T-Mobile US were worth $40,708,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in T-Mobile US in the fourth quarter worth about $1,802,393,000. Canada Pension Plan Investment Board grew its position in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after buying an additional 2,777,657 shares during the period. Raymond James Financial Inc. bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $452,721,000. Capital International Investors increased its stake in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of T-Mobile US by 38.8% during the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider’s stock valued at $764,947,000 after purchasing an additional 968,444 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Barclays lifted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Bank of America boosted their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada boosted their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. Finally, UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Stock Performance

TMUS opened at $237.34 on Wednesday. The firm has a market cap of $269.49 billion, a P/E ratio of 24.54, a PEG ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 1-year low of $161.72 and a 1-year high of $276.49. The company has a 50 day simple moving average of $255.36 and a two-hundred day simple moving average of $242.84. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the company earned $2.00 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insider Transactions at T-Mobile US

In other T-Mobile US 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 transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

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.