T-Mobile US, Inc. $TMUS Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,324 shares of the Wireless communications provider’s stock after purchasing an additional 7,125 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in T-Mobile US were worth $18,270,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new position in T-Mobile US during the second quarter worth about $1,477,780,000. Marshall Wace LLP lifted its position in shares of T-Mobile US by 2,303.2% during the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after acquiring an additional 1,878,654 shares during the period. Viking Global Investors LP boosted its stake in shares of T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of T-Mobile US by 518.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after acquiring an additional 1,160,275 shares during the period. Finally, State Street Corp grew its holdings in shares of T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after acquiring an additional 994,740 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction 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 transaction, the director directly owned 308,696 shares in the company, valued at approximately $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the transaction, the director owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 528,471 shares of company stock valued at $118,633,941. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $200.56 on Friday. The company has a 50-day simple moving average of $204.11 and a 200-day simple moving average of $225.81. 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 company has a market cap of $224.33 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.17 and a beta of 0.45. T-Mobile US, Inc. has a 12 month low of $194.01 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm 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% compared to the same quarter last year. During the same quarter last year, the business earned $2.61 earnings per share. On average, equities 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. Stockholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Analysts Set New Price Targets

A number of analysts have commented on TMUS shares. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a research note on Friday, October 24th. Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. BNP Paribas Exane lifted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Cowen reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $260.17.

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.