Nippon Life Global Investors Americas Inc. Reduces Holdings in T-Mobile US, Inc. $TMUS

Nippon Life Global Investors Americas Inc. decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 97.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,660 shares of the Wireless communications provider’s stock after selling 75,160 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in T-Mobile US were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howard Hughes Medical Institute purchased a new position in shares of T-Mobile US in the second quarter worth about $25,000. Elevation Wealth Partners LLC boosted its holdings in T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the period. Missouri Trust & Investment Co boosted its holdings in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the period. Aspect Partners LLC grew its stake in T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in T-Mobile US during the 2nd quarter valued at $31,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TMUS has been the subject of several recent research reports. Barclays reiterated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, January 13th. Benchmark lifted their target price on T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $250.00 to $260.00 in a report on Thursday, October 16th. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $257.76.

T-Mobile US Trading Down 2.3%

Shares of TMUS opened at $186.32 on Friday. T-Mobile US, Inc. has a 1-year low of $185.18 and a 1-year high of $276.49. The company has a market capitalization of $208.40 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.02 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The firm’s 50 day simple moving average is $202.79 and its 200 day simple moving average is $224.26.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly 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. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is presently 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the transaction, the director owned 308,696 shares in the company, valued at $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 335,193 shares of company stock valued at $74,665,129 over the last 90 days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.