Resona Asset Management Co. Ltd. Buys 11,724 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Resona Asset Management Co. Ltd. increased its stake in T-Mobile US, Inc. by 6.0%, acquiring an additional 11,724 shares, which brought its total holdings to 206,622 shares valued at approximately $55.07 million.
• T-Mobile US posted a quarterly EPS of $2.84, surpassing analyst estimates by $0.15, with revenues reaching $21.13 billion for the quarter—up 6.9% year-over-year.
• The company announced a quarterly dividend of $0.88 per share, representing a 1.4% yield, with payment set for September 11th to record holders.

Resona Asset Management Co. Ltd. raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,622 shares of the Wireless communications provider's stock after purchasing an additional 11,724 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in T-Mobile US were worth $55,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors boosted its holdings in T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in T-Mobile US by 85.5% during 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 acquiring an additional 2,777,657 shares during the last quarter. Northern Trust Corp boosted its holdings in T-Mobile US by 13.8% during the 4th quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock worth $1,175,507,000 after acquiring an additional 645,892 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after acquiring an additional 844,932 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock worth $901,643,000 after acquiring an additional 25,667 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded down $1.44 on Wednesday, reaching $250.84. The stock had a trading volume of 3,152,114 shares, compared to its average volume of 4,480,692. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49. The company has a market cap of $282.30 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62. 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 business's 50 day moving average is $235.30 and its two-hundred day moving average is $246.82.

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

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 33.21%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Tigress Financial lifted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $256.31.

Insider Transactions at T-Mobile US

In related news, insider Callie R. Field sold 12,300 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total value of $2,961,840.00. Following the transaction, the insider directly owned 110,891 shares in the company, valued at approximately $26,702,552.80. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $247.58, for a total transaction of $17,290,987.20. Following the completion of the transaction, the director owned 636,481,244 shares in the company, valued at approximately $157,580,026,389.52. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,904,530 shares of company stock valued at $445,006,069. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Company 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.