Sumitomo Mitsui Trust Group Inc. Trims Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• Sumitomo Mitsui Trust Group Inc. reduced its stake in T-Mobile US by 7.0% in the second quarter, owning approximately 1.3 million shares worth $310.7 million post-sale.
• T-Mobile US reported a quarterly EPS of $2.41, beating analyst expectations, with revenue of $21.96 billion, representing an 8.9% increase compared to the previous year.
• T-Mobile US announced an increase in its quarterly dividend to $1.02 per share, up from $0.88, with a dividend yield of 1.9% and a payout ratio of 33.21%.

Sumitomo Mitsui Trust Group Inc. cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,304,036 shares of the Wireless communications provider's stock after selling 97,484 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.12% of T-Mobile US worth $310,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in T-Mobile US by 1.7% during 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 increased its stake in T-Mobile US by 14.3% during 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. increased its stake in T-Mobile US by 25.4% during 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 increased its stake in 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 worth $1,080,388,000 after acquiring an additional 169,562 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 worth $878,925,000 after acquiring an additional 65,394 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the firm's stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director owned 582,220,759 shares of the company's stock, valued at approximately $131,680,869,063.03. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 2,389,677 shares of company stock valued at $575,795,321. Company insiders own 0.37% of the company's stock.

T-Mobile US Trading Down 1.1%

NASDAQ:TMUS opened at $217.59 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The business's 50 day moving average is $240.04 and its two-hundred day moving average is $240.85. T-Mobile US, Inc. has a 52 week low of $208.39 and a 52 week high of $276.49. The company has a market cap of $244.88 billion, a PE ratio of 20.50, a P/E/G ratio of 1.56 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.T-Mobile US's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 EPS. On average, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a positive change 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 dividend yield of 1.9%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Analysts Set New Price Targets

Several equities research analysts have commented on TMUS shares. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company upgraded T-Mobile US from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Royal Bank Of Canada reiterated a "buy" rating on shares of T-Mobile US in a research note on Friday. Finally, Morgan Stanley lowered their target price on T-Mobile US from $285.00 to $280.00 in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus price target of $267.77.

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.

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