Sumitomo Mitsui Asset Management Company LTD decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 14.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,432 shares of the Wireless communications provider’s stock after selling 6,366 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in T-Mobile US were worth $2,269,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Shell Asset Management Co. increased its stake in shares of T-Mobile US by 16.3% in the second quarter. Shell Asset Management Co. now owns 27,048 shares of the Wireless communications provider’s stock valued at $1,640,000 after buying an additional 3,785 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of T-Mobile US during the second quarter valued at about $464,000. Personal Capital Advisors Corp increased its stake in shares of T-Mobile US by 74.4% in the second quarter. Personal Capital Advisors Corp now owns 135,090 shares of the Wireless communications provider’s stock valued at $8,189,000 after buying an additional 57,625 shares during the period. Boston Advisors LLC increased its stake in shares of T-Mobile US by 4.8% in the second quarter. Boston Advisors LLC now owns 286,752 shares of the Wireless communications provider’s stock valued at $17,383,000 after buying an additional 13,107 shares during the period. Finally, ING Groep NV increased its stake in shares of T-Mobile US by 1.1% in the second quarter. ING Groep NV now owns 119,336 shares of the Wireless communications provider’s stock valued at $4,938,000 after buying an additional 1,304 shares during the period. Institutional investors own 36.75% of the company’s stock.

Shares of T-Mobile US, Inc. (TMUS) traded up 1.82% during trading on Friday, hitting $63.61. 2,464,366 shares of the stock traded hands. The firm has a market cap of $52.86 billion, a price-to-earnings ratio of 26.95 and a beta of 0.49. T-Mobile US, Inc. has a 12 month low of $44.35 and a 12 month high of $68.88. The company has a 50 day moving average price of $61.97 and a 200 day moving average price of $63.57.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post $2.32 earnings per share for the current fiscal year.

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Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Wells Fargo & Company reiterated an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Robert W. Baird lifted their price target on shares of T-Mobile US from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, April 26th. William Blair reiterated a “buy” rating on shares of T-Mobile US in a research report on Saturday, July 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a research report on Saturday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $68.82.

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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