Nomura Asset Management Co. Ltd. Cuts Position in T-Mobile US, Inc. $TMUS

Nomura Asset Management Co. Ltd. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,985 shares of the Wireless communications provider’s stock after selling 94,124 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in T-Mobile US were worth $47,711,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TMUS. Sei Investments Co. boosted its position in T-Mobile US by 6.3% during the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after buying an additional 8,491 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of T-Mobile US by 315.7% in the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after buying an additional 3,454 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US in the second quarter worth about $375,000. Raymond James Financial Inc. increased its holdings in shares of T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after buying an additional 9,568 shares during the period. Finally, Viking Global Investors LP increased its holdings in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Performance

T-Mobile US stock opened at $187.53 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average of $196.33 and a 200-day moving average of $201.70. The firm has a market cap of $202.94 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.09 and a beta of 0.31. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $261.56.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 earnings per share. Sell-side analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio is currently 43.40%.

Insider Activity

In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Andre Almeida acquired 5,097 shares of the stock in a transaction on Friday, May 1st. The stock was bought at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the acquisition, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 13,090 shares of company stock valued at $2,618,500. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of T-Mobile US in a report on Friday, April 10th. Royal Bank Of Canada decreased their price objective on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a report on Wednesday, April 29th. Finally, TD Cowen lifted their price objective on T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $260.48.

T-Mobile US 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.