Sumitomo Mitsui Trust Holdings Inc. Has $250.42 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,534,252 shares of the Wireless communications provider’s stock after selling 39,772 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.13% of T-Mobile US worth $250,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC bought a new stake in shares of T-Mobile US during the 4th quarter worth about $27,000. Valley National Advisers Inc. boosted its holdings in shares of T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares during the period. Baker Avenue Asset Management LP boosted its holdings in shares of T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 81 shares during the period. Bay Harbor Wealth Management LLC acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $34,000. Finally, Raleigh Capital Management Inc. increased its stake in shares of T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 0.8 %

Shares of TMUS stock opened at $178.46 on Thursday. The stock’s fifty day simple moving average is $170.51 and its 200 day simple moving average is $164.86. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $182.67. The firm has a market capitalization of $209.13 billion, a P/E ratio of 24.28, a P/E/G ratio of 0.70 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.46%. T-Mobile US’s payout ratio is currently 35.37%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Cowen lowered their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Citigroup boosted their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, May 29th. Oppenheimer restated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada upped their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $190.79.

Insider Activity

In related news, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $161.20, for a total transaction of $30,574,804.00. Following the transaction, the director now directly owns 680,667,786 shares of the company’s stock, valued at $109,723,647,103.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The disclosure for this sale can be found here. Insiders have sold 6,399,830 shares of company stock valued at $1,071,720,246 in the last ninety days. 0.67% 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.