Dai ichi Life Insurance Company Ltd Buys 16,278 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Dai ichi Life Insurance Company Ltd grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,796 shares of the Wireless communications provider’s stock after acquiring an additional 16,278 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in T-Mobile US were worth $26,567,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of T-Mobile US in the 4th quarter worth $3,338,708,000. Wellington Management Group LLP lifted its stake in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares during the period. Putnam Investments LLC grew its holdings in T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares in the last quarter. Vanguard Group Inc. grew its holdings in T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after acquiring an additional 1,667,778 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after purchasing an additional 578,348 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.2 %

T-Mobile US stock opened at $202.83 on Friday. The business’s 50-day moving average price is $190.15 and its 200 day moving average price is $175.17. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a market cap of $236.66 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 52 week low of $135.82 and a 52 week high of $205.28.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.86 EPS. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $176.47, for a total value of $23,551,862.67. Following the completion of the transaction, the director now owns 670,945,589 shares in the company, valued at approximately $118,401,768,090.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $176.47, for a total transaction of $23,551,862.67. Following the completion of the sale, the director now owns 670,945,589 shares in the company, valued at approximately $118,401,768,090.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 973,797 shares of company stock worth $178,105,011. 0.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TMUS. Citigroup boosted their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft lifted their target price on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Barclays boosted their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Scotiabank lifted their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 1st. Finally, Evercore ISI raised T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Buy” and a consensus price target of $201.44.

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.