T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,770 shares of the Wireless communications provider's stock after selling 10,969 shares during the quarter. Daiwa Securities Group Inc.'s holdings in T-Mobile US were worth $16,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in T-Mobile US by 21.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,011,991 shares of the Wireless communications provider's stock valued at $129,888,000 after purchasing an additional 180,468 shares during the period. Sei Investments Co. grew its position in shares of T-Mobile US by 50.6% in the 1st quarter. Sei Investments Co. now owns 230,598 shares of the Wireless communications provider's stock worth $29,603,000 after buying an additional 77,518 shares during the last quarter. Prudential PLC purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $1,649,000. Cetera Investment Advisers raised its holdings in shares of T-Mobile US by 12.2% during the first quarter. Cetera Investment Advisers now owns 23,619 shares of the Wireless communications provider's stock valued at $3,031,000 after acquiring an additional 2,574 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in T-Mobile US by 105.7% in the first quarter. Sequoia Financial Advisors LLC now owns 3,796 shares of the Wireless communications provider's stock worth $487,000 after acquiring an additional 1,951 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.5 %

Shares of NASDAQ TMUS traded up $0.76 during midday trading on Thursday, hitting $160.85. The stock had a trading volume of 3,246,166 shares, compared to its average volume of 4,509,830. The company has a market cap of $190.91 billion, a P/E ratio of 23.10, a PEG ratio of 0.65 and a beta of 0.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The business's 50 day moving average is $162.28 and its 200-day moving average is $155.91. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $168.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). The business had revenue of $20.48 billion for the quarter, compared to analysts' expectations of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 earnings per share. As a group, analysts predict that T-Mobile US, Inc. will post 8.95 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, May 31st. T-Mobile US's dividend payout ratio is currently 37.52%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. Benchmark reissued a "buy" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $184.00 price objective on shares of T-Mobile US in a research report on Wednesday, March 20th. KeyCorp decreased their target price on T-Mobile US from $183.00 to $175.00 and set an "overweight" rating for the company in a research report on Friday, January 26th. Finally, Tigress Financial lifted their price target on T-Mobile US from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $185.93.

Insider Activity

In other news, insider Callie R. Field sold 5,844 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares of the company's stock, valued at $17,274,364.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, Director Teresa Taylor sold 12,022 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $161.80, for a total value of $1,945,159.60. Following the transaction, the director now directly owns 13,014 shares of the company's stock, valued at $2,105,665.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Callie R. Field sold 5,844 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company's stock, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Insiders have sold a total of 5,835,666 shares of company stock valued at $947,456,630 in the last 90 days. 0.70% of the stock is currently owned by insiders.

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.