Mitsubishi UFJ Asset Management Co. Ltd. Makes New $226.12 Million Investment in T-Mobile US, Inc. $TMUS

Key Points

• Mitsubishi UFJ Asset Management acquired 1.35 million T-Mobile US shares worth approximately $226.1 million, representing about 0.13% of the company.
• T-Mobile US reported quarterly EPS of $2.99, beating estimates by $0.40, while revenue rose 7.9% year over year to $22.79 billion.
• The company declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 payout and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,348,140 shares of the Wireless communications provider's stock, valued at approximately $226,124,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.13% of T-Mobile US at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Main Street Group LTD bought a new stake in shares of T-Mobile US during the 1st quarter worth about $25,000. JDM Financial Group LLC increased its holdings in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Swiss RE Ltd. bought a new position in shares of T-Mobile US in the 4th quarter valued at approximately $29,000. Turning Point Benefit Group Inc. raised its stake in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock valued at $32,000 after acquiring an additional 153 shares in the last quarter. Finally, Sachetta LLC raised its stake in shares of T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $180.12 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The firm has a fifty day moving average price of $181.63 and a two-hundred day moving average price of $194.24. The company has a market cap of $193.21 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 EPS. Analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. T-Mobile US's payout ratio is currently 42.72%.

Insiders Place Their Bets

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares of the company's stock, valued at $41,261,920. The trade was a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent analyst reports. Weiss Ratings cut T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, June 15th. JPMorgan Chase & Co. reissued a "buy" rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Benchmark dropped their price target on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. TD Cowen reduced their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Finally, Arete Research upped their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $252.08.

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.

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