Sumitomo Mitsui DS Asset Management Company Ltd Buys 2,672 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,055 shares of the Wireless communications provider's stock after purchasing an additional 2,672 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in T-Mobile US were worth $19,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clear Creek Financial Management LLC bought a new stake in T-Mobile US during the first quarter valued at $256,000. Mather Group LLC. grew its position in shares of T-Mobile US by 7.7% during the 1st quarter. Mather Group LLC. now owns 4,859 shares of the Wireless communications provider's stock valued at $1,296,000 after buying an additional 349 shares during the last quarter. Alta Advisers Ltd raised its stake in T-Mobile US by 56.3% during the first quarter. Alta Advisers Ltd now owns 2,500 shares of the Wireless communications provider's stock worth $667,000 after acquiring an additional 900 shares during the period. Saxon Interests Inc. acquired a new stake in T-Mobile US during the first quarter worth about $210,000. Finally, Koshinski Asset Management Inc. lifted its holdings in T-Mobile US by 5.5% in the first quarter. Koshinski Asset Management Inc. now owns 3,482 shares of the Wireless communications provider's stock worth $929,000 after acquiring an additional 183 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 1.2%

Shares of NASDAQ TMUS traded up $2.89 during mid-day trading on Thursday, reaching $240.31. The company had a trading volume of 1,998,690 shares, compared to its average volume of 4,086,169. 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, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. The stock's 50 day moving average is $238.92 and its 200-day moving average is $242.92. The stock has a market capitalization of $272.86 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62.

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

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is presently 34.34%.

Analysts Set New Price Targets

Several analysts recently issued reports on TMUS shares. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Finally, Benchmark restated a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $237.61, for a total value of $16,594,682.40. Following the completion of the sale, the director directly owned 647,940,204 shares of the company's stock, valued at $153,957,071,872.44. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 558,720 shares of company stock worth $127,841,422 over the last 90 days. 0.37% of the stock is currently owned by company 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.