Rakuten Investment Management Inc. Makes New $5.88 Million Investment in T-Mobile US, Inc. $TMUS

Rakuten Investment Management Inc. bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, HoldingsChannel reports. The firm bought 24,550 shares of the Wireless communications provider’s stock, valued at approximately $5,877,000.

A number of other institutional investors and hedge funds have also modified their holdings of TMUS. CHICAGO TRUST Co NA acquired a new position in shares of T-Mobile US during the second quarter valued at approximately $205,000. Ballentine Partners LLC increased its position in shares of T-Mobile US by 3.9% during the second quarter. Ballentine Partners LLC now owns 8,361 shares of the Wireless communications provider’s stock worth $1,992,000 after purchasing an additional 312 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of T-Mobile US by 19.2% during the second quarter. TD Private Client Wealth LLC now owns 7,056 shares of the Wireless communications provider’s stock worth $1,681,000 after purchasing an additional 1,136 shares in the last quarter. Signet Financial Management LLC raised its stake in T-Mobile US by 0.9% in the 2nd quarter. Signet Financial Management LLC now owns 10,712 shares of the Wireless communications provider’s stock valued at $2,552,000 after purchasing an additional 98 shares during the last quarter. Finally, Missouri Trust & Investment Co lifted 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 valued at $28,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $185.39 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $200.66 and a 200 day moving average price of $222.85. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $276.49. The stock has a market cap of $207.36 billion, a P/E ratio of 17.83, a PEG ratio of 1.01 and a beta of 0.45.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.61 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TMUS shares. Tigress Financial upped their target price on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a research report on Wednesday, October 1st. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group cut their price objective on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a report on Friday, December 12th. Finally, Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $250.00 to $260.00 in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $257.76.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $220.69, for a total transaction of $14,218,173.94. Following the completion of the sale, the director owned 582,120,756 shares of the company’s stock, valued at $128,468,229,641.64. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the sale, the director owned 308,696 shares in the company, valued at $66,977,771.12. This represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 170,764 shares of company stock valued at $37,483,463 in the last ninety days. Company insiders own 0.37% of the company’s stock.

T-Mobile US 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.