T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,118 shares of the Wireless communications provider’s stock after selling 27,678 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in T-Mobile US were worth $25,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after purchasing an additional 184,059 shares in the last quarter. Boston Partners raised its holdings in T-Mobile US by 1.1% during the first quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after purchasing an additional 28,045 shares in the last quarter. TD Asset Management Inc raised its holdings in T-Mobile US by 5.9% during the second quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock worth $404,269,000 after purchasing an additional 128,241 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America upped their price target on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 24th. 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 target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Oppenheimer boosted their target price on shares of 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, Tigress Financial boosted their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Trading Up 0.7 %

Shares of NASDAQ:TMUS opened at $239.94 on Tuesday. The stock has a market capitalization of $278.45 billion, a PE ratio of 27.36, a P/E/G ratio of 1.22 and a beta of 0.50. T-Mobile US, Inc. has a 1 year low of $147.96 and a 1 year high of $242.43. The firm has a fifty day moving average price of $220.26 and a 200 day moving average price of $195.92. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 earnings per share. Analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 29.65%.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,750 shares of company stock valued at $72,863,634 over the last quarter. 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.