Daiwa Securities Group Inc. Acquires 13,303 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Daiwa Securities Group Inc. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.5% during the third quarter, Holdings Channel reports. The fund owned 139,728 shares of the Wireless communications provider’s stock after purchasing an additional 13,303 shares during the period. Daiwa Securities Group Inc.’s holdings in T-Mobile US were worth $28,834,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TMUS. Centaurus Financial Inc. lifted its holdings in T-Mobile US by 5.1% during the 3rd quarter. Centaurus Financial Inc. now owns 6,108 shares of the Wireless communications provider’s stock worth $1,260,000 after buying an additional 299 shares in the last quarter. Larson Financial Group LLC lifted its holdings in T-Mobile US by 4.4% during the 3rd quarter. Larson Financial Group LLC now owns 14,633 shares of the Wireless communications provider’s stock worth $3,020,000 after buying an additional 623 shares in the last quarter. Swedbank AB lifted its holdings in T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after buying an additional 12,411 shares in the last quarter. StoneX Group Inc. lifted its holdings in T-Mobile US by 9.9% during the 3rd quarter. StoneX Group Inc. now owns 16,843 shares of the Wireless communications provider’s stock worth $3,476,000 after buying an additional 1,516 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in T-Mobile US by 22.3% during the 3rd quarter. Cerity Partners LLC now owns 117,790 shares of the Wireless communications provider’s stock worth $24,307,000 after buying an additional 21,487 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. UBS Group upped their price objective on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI increased their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer increased their price target on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America increased their price target on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $238.28 on Friday. The company has a market capitalization of $276.52 billion, a PE ratio of 27.17, a PEG ratio of 1.21 and a beta of 0.50. T-Mobile US, Inc. has a 12 month low of $147.96 and a 12 month high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock’s fifty day simple moving average is $219.58 and its 200 day simple moving average is $195.16.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. On average, research analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 29.65%.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nestor Cano sold 11,100 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total value of $2,561,325.00. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 343,456 shares of company stock worth $73,405,131. Corporate insiders own 0.67% of the company’s stock.

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.