T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,060 shares of the Wireless communications provider's stock after selling 1,330 shares during the period. Asahi Life Asset Management CO. LTD.'s holdings in T-Mobile US were worth $283,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TMUS. Godsey & Gibb Inc. increased its position in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the period. CoreFirst Bank & Trust acquired a new stake in T-Mobile US during the 4th quarter worth $28,000. Adirondack Trust Co. increased its stake in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the period. City Holding Co. increased its stake in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the period. Finally, Pinney & Scofield Inc. acquired a new position in T-Mobile US in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TMUS shares. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Benchmark reaffirmed a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley boosted their price objective on shares of T-Mobile US from $265.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $252.61.

T-Mobile US Stock Down 0.7%

NASDAQ TMUS traded down $1.71 during trading hours on Thursday, reaching $227.03. 3,508,371 shares of the company traded hands, compared to its average volume of 4,100,358. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $257.78 billion, a PE ratio of 22.15, a PEG ratio of 1.26 and a beta of 0.62. The company has a 50 day moving average of $236.04 and a two-hundred day moving average of $243.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 earnings per share. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.55%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $228.28, for a total transaction of $15,943,075.20. Following the transaction, the director owned 647,171,964 shares of the company's stock, valued at approximately $147,736,415,941.92. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 1,116,990 shares of company stock valued at $256,892,992. 0.37% of the stock is owned by company insiders.

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.