Nissay Asset Management Corp Japan Has $50.57 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Nissay Asset Management Corp Japan lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 30.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,473 shares of the Wireless communications provider’s stock after acquiring an additional 71,171 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in T-Mobile US were worth $50,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. JDM Financial Group LLC raised its holdings in T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD bought a new stake in shares of T-Mobile US in the 1st quarter valued at $25,000. Paladin Partners LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $25,000. Dunhill Financial LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $27,000. Finally, Swiss RE Ltd. bought a new position in T-Mobile US during the fourth quarter worth $29,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $181.37 on Friday. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $258.66. The stock’s 50 day moving average is $181.12 and its 200-day moving average is $193.35. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $194.55 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.00 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.84 EPS. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid 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 of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Monday, July 6th. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Finally, Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

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.