Nissay Asset Management Corp Japan Has $50.57 Million Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• Nissay Asset Management increased its T-Mobile US position by 30.9% in the second quarter, adding 71,171 shares for a total of 301,473 shares valued at approximately $50.6 million. Institutional investors collectively own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, exceeding estimates by $0.40, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02, representing a 2.2% annualized yield.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $252.08, despite several analysts recently lowering their targets.

Nissay Asset Management Corp Japan increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 30.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 301,473 shares of the Wireless communications provider's stock after buying an additional 71,171 shares during the quarter. Nissay Asset Management Corp Japan's holdings in T-Mobile US were worth $50,566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Field & Main Bank acquired a new position in T-Mobile US during the second quarter worth about $2,365,000. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $705,000. Kingsview Wealth Management LLC bought a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $640,000. Beacon Pointe Advisors LLC bought a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $2,055,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in T-Mobile US during the 2nd quarter worth approximately $595,000. Institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research reports. Wall Street Zen raised shares of T-Mobile US from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Wells Fargo & Company lowered their price target on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a report on Friday, July 24th. Scotiabank dropped their price target on T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a research note on Wednesday, July 15th. TD Cowen cut their price objective on T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of T-Mobile US in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.08.

T-Mobile US Stock Up 2.0%

NASDAQ:TMUS opened at $181.37 on Friday. The firm's 50 day simple moving average is $181.12 and its 200 day simple moving average is $193.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $258.66. The company has a market cap of $194.55 billion, a PE ratio of 18.99, a P/E/G ratio of 1.00 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. During the same period in the prior year, the company posted $2.84 EPS. The company's revenue was up 7.9% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US's payout ratio is currently 42.72%.

T-Mobile US Profile

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.

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