Resona Asset Management Co. Ltd. Grows Stock Position in T-Mobile US, Inc. $TMUS

Resona Asset Management Co. Ltd. lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 193,641 shares of the Wireless communications provider’s stock after acquiring an additional 9,721 shares during the period. Resona Asset Management Co. Ltd.’s holdings in T-Mobile US were worth $46,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp grew its position in T-Mobile US by 8.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 382,590 shares of the Wireless communications provider’s stock worth $91,584,000 after purchasing an additional 28,267 shares during the last quarter. Delta Financial Advisors LLC raised its holdings in shares of T-Mobile US by 48.8% in the third quarter. Delta Financial Advisors LLC now owns 2,054 shares of the Wireless communications provider’s stock worth $492,000 after buying an additional 674 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of T-Mobile US by 6.9% during the third quarter. Teacher Retirement System of Texas now owns 209,437 shares of the Wireless communications provider’s stock worth $50,135,000 after buying an additional 13,581 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of T-Mobile US by 30.0% during the third quarter. Parkside Financial Bank & Trust now owns 2,229 shares of the Wireless communications provider’s stock valued at $534,000 after buying an additional 514 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its holdings in shares of T-Mobile US by 23.3% during the third quarter. iA Global Asset Management Inc. now owns 170,726 shares of the Wireless communications provider’s stock valued at $40,868,000 after buying an additional 32,278 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the transaction, the director owned 5,438 shares of the company’s stock, valued at $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction that occurred on Monday, November 17th. The stock was 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 directly owned 308,696 shares in the company, valued at $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 170,764 shares of company stock worth $37,483,463 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TMUS. Williams Trading set a $263.00 target price on T-Mobile US in a research note on Friday, October 24th. Barclays reissued a “buy” rating on shares of T-Mobile US in a report on Tuesday, January 13th. Raymond James Financial raised T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft upped their target price on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Finally, Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.76.

T-Mobile US Trading Up 0.3%

Shares of T-Mobile US stock opened at $186.03 on Friday. The company has a market cap of $208.08 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The firm has a 50-day simple moving average of $200.06 and a two-hundred day simple moving average of $222.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the company earned $2.61 earnings per share. T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 39.23%.

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.