Asset Management One Co. Ltd. Grows Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Asset Management One Co. Ltd. grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 258,735 shares of the Wireless communications provider's stock after acquiring an additional 8,790 shares during the quarter. Asset Management One Co. Ltd.'s holdings in T-Mobile US were worth $69,007,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after acquiring an additional 90,755 shares during the last quarter. Invesco Ltd. raised its position in T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after acquiring an additional 384,956 shares in the last quarter. Norges Bank acquired a new position in shares of T-Mobile US in the 4th quarter valued at $1,802,393,000. Capital International Investors grew its position in 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 buying an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 1.3%

TMUS stock traded up $2.84 during midday trading on Tuesday, hitting $229.82. The company's stock had a trading volume of 5,036,634 shares, compared to its average volume of 4,088,807. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. The firm has a market capitalization of $260.95 billion, a P/E ratio of 22.42, a PEG ratio of 1.22 and a beta of 0.64. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The firm has a 50-day simple moving average of $242.46 and a 200-day simple moving average of $242.95.

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

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $221.80, for a total value of $15,490,512.00. Following the transaction, the director now owns 648,359,244 shares in the company, valued at $143,806,080,319.20. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 279,360 shares of company stock valued at $63,022,219. Insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Benchmark reiterated a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

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.