Sumitomo Mitsui Trust Group Inc. Raises Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Sumitomo Mitsui Trust Group Inc. boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,401,520 shares of the Wireless communications provider's stock after buying an additional 20,717 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.12% of T-Mobile US worth $373,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Godsey & Gibb Inc. boosted its stake in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the period. Rakuten Securities Inc. raised its holdings in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US during the fourth quarter valued at $28,000. City Holding Co. boosted its position in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. increased its position in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several research reports. Benchmark restated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a report on Friday, March 14th. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Royal Bank Of Canada upped 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 report on Friday, March 21st. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $228.75, for a total transaction of $15,975,900.00. Following the sale, the director now owns 588,413,779 shares of the company's stock, valued at $134,599,651,946.25. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 419,040 shares of company stock worth $94,880,434. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Performance

TMUS stock opened at $235.25 on Friday. The firm has a market cap of $267.11 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.27 and a beta of 0.64. The firm has a 50-day simple moving average of $240.00 and a two-hundred day simple moving average of $242.80. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

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

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

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.

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