Sumitomo Mitsui DS Asset Management Company Ltd Cuts Position in T-Mobile US, Inc. $TMUS

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd reduced its holdings in T-Mobile US, Inc. by 6.6%, now owning 69,199 shares worth approximately $16.49 million after selling 4,856 shares in the second quarter.
• T-Mobile US reported earnings per share of $2.84 for the last quarter, beating consensus estimates and achieving a revenue growth of 6.9% year-over-year.
• The company declared a quarterly dividend of $1.02, an increase from the previous dividend of $0.88, with a current annualized yield of 1.7%.

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,199 shares of the Wireless communications provider's stock after selling 4,856 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in T-Mobile US were worth $16,487,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in shares of T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after acquiring an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of T-Mobile US by 25.4% in the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of T-Mobile US by 4.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock valued at $1,080,388,000 after buying an additional 169,562 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of T-Mobile US by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider's stock valued at $878,925,000 after buying an additional 65,394 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TMUS shares. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. The Goldman Sachs Group started coverage on T-Mobile US in a report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 target price on the stock. Finally, Royal Bank Of Canada increased their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $239.18, for a total transaction of $15,409,410.68. Following the sale, the director owned 634,628,048 shares of the company's stock, valued at approximately $151,790,336,520.64. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 2,606,300 shares of company stock worth $627,710,011. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $0.06 during trading on Monday, hitting $238.23. The company had a trading volume of 1,221,982 shares, compared to its average volume of 4,283,081. The stock has a 50 day simple moving average of $243.89 and a 200 day simple moving average of $245.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 12 month low of $198.69 and a 12 month high of $276.49. The firm has a market capitalization of $268.11 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data 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. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the company earned $2.49 earnings per share. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.7%. T-Mobile US's dividend payout ratio is 33.21%.

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.