Nissay Asset Management Corp Japan ADV Buys 22,135 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in T-Mobile US by 12.1%, owning 204,666 shares worth approximately $54.6 million after acquiring an additional 22,135 shares.
• Several large investors significantly boosted their stakes in T-Mobile US, including GAMMA Investing LLC, which increased its holdings by 29,289.4%, now holding over 3 million shares valued at $814 million.
• Analysts have mixed ratings for T-Mobile US stock, with a consensus rating of "Moderate Buy" and a target price around $258.02, while recent earnings exceeded expectations with a reported EPS of $2.84.

Nissay Asset Management Corp Japan ADV increased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 204,666 shares of the Wireless communications provider's stock after purchasing an additional 22,135 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in T-Mobile US were worth $54,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC boosted its stake in shares of 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 buying an additional 724 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of 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 buying an additional 864,030 shares during the period. Advisor Resource Council acquired a new stake in shares of T-Mobile US during the 1st quarter valued at $463,000. Main Street Research LLC boosted its stake in shares of T-Mobile US by 1.0% during the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after buying an additional 1,788 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of T-Mobile US during the 1st quarter valued at $6,543,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 2,488,250 shares of company stock valued at $593,252,506. Company insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

TMUS traded up $0.64 during trading on Friday, hitting $252.76. The stock had a trading volume of 3,294,176 shares, compared to its average volume of 3,606,460. The firm has a market cap of $284.46 billion, a PE ratio of 23.85, a P/E/G ratio of 1.38 and a beta of 0.61. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The company has a 50 day simple moving average of $243.02 and a 200-day simple moving average of $247.37.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 EPS. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price for the company. Royal Bank Of Canada lifted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Finally, Morgan Stanley raised their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $258.02.

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.