SBI Securities Co. Ltd. Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

SBI Securities Co. Ltd. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,483 shares of the Wireless communications provider’s stock, valued at approximately $769,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dunhill Financial LLC boosted its position in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the period. Financial Life Planners acquired a new stake in shares of T-Mobile US in the fourth quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new position in T-Mobile US during the 3rd quarter worth about $34,000. Planning Capital Management Corp boosted its holdings in T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 101 shares during the period. Finally, Bruce G. Allen Investments LLC increased its stake in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 73 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TMUS shares. Morgan Stanley began coverage on shares of T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective for the company. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Oppenheimer increased their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.26.

Insider Buying and Selling at T-Mobile US

In related news, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $272.83 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a market cap of $311.50 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.55 and a beta of 0.56. The stock has a 50 day moving average of $236.54 and a two-hundred day moving average of $224.74. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

T-Mobile US 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.