Mitsubishi UFJ Asset Management Co. Ltd. Has $276.44 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in T-Mobile US, Inc. by 12.0% in the first quarter, owning approximately $276.44 million in shares.
• Multiple institutional investors have also significantly increased their stakes in T-Mobile US, with Godsey & Gibb Inc. raising theirs by 139.5% in the same period.
• Analysts have set varying price targets for T-Mobile US, with Morgan Stanley raising it to $285.00 and Tigress Financial increasing it to $305.00, indicating positive market sentiment.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,036,464 shares of the Wireless communications provider's stock after acquiring an additional 111,402 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of T-Mobile US worth $276,435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Godsey & Gibb Inc. grew its holdings in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the period. TCTC Holdings LLC raised its position in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. City Holding Co. raised its position in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. Adirondack Trust Co. raised its position in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in shares of T-Mobile US during the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded up $2.05 during trading on Friday, reaching $244.98. The stock had a trading volume of 4,261,624 shares, compared to its average volume of 4,319,843. T-Mobile US, Inc. has a 52 week low of $192.11 and a 52 week high of $276.49. The firm has a market capitalization of $275.71 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 1.33 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $234.84 and a two-hundred day simple moving average of $246.14.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.49 EPS. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 33.21%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Tigress Financial increased their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a report on Monday, July 7th. JPMorgan Chase & Co. increased their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada increased their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 1,764,850 shares of company stock valued at $410,591,012. Insiders own 0.37% of the company's stock.

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.