T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.6% in the 4th quarter, Holdings Channel reports. The firm owned 103,770 shares of the Wireless communications provider’s stock after selling 10,969 shares during the quarter. Daiwa Securities Group Inc.’s holdings in T-Mobile US were worth $16,637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in T-Mobile US during the 4th quarter valued at about $2,801,442,000. Clearbridge Investments LLC boosted its holdings in shares of T-Mobile US by 243.9% during the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after purchasing an additional 2,071,489 shares during the last quarter. Morgan Stanley grew its position in shares of T-Mobile US by 18.8% in the fourth quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock valued at $1,537,838,000 after purchasing an additional 1,742,108 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after purchasing an additional 1,190,813 shares during the last quarter. Finally, Third Point LLC purchased a new position in T-Mobile US during the third quarter worth approximately $140,050,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.4 %

NASDAQ:TMUS opened at $160.71 on Thursday. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The stock’s 50 day simple moving average is $162.28 and its 200-day simple moving average is $155.91. The firm has a market cap of $190.74 billion, a P/E ratio of 23.10, a PEG ratio of 0.65 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. During the same quarter in the previous year, the business earned $1.18 EPS. T-Mobile US’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts anticipate that T-Mobile US, Inc. will post 8.95 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is presently 37.52%.

Wall Street Analyst Weigh In

TMUS has been the subject of several analyst reports. Raymond James upped their target price on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Oppenheimer restated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $184.00 price target on shares of T-Mobile US in a research note on Wednesday, March 20th. Finally, Morgan Stanley raised their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $185.93.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 170,703 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $160.24, for a total transaction of $27,353,448.72. Following the transaction, the director now directly owns 679,776,137 shares of the company’s stock, valued at approximately $108,927,328,192.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Telekom Ag Deutsche sold 170,703 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $160.24, for a total value of $27,353,448.72. Following the sale, the director now directly owns 679,776,137 shares in the company, valued at approximately $108,927,328,192.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,835,666 shares of company stock valued at $947,456,630. 0.70% of the stock is owned by company insiders.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.