Mitsubishi UFJ Trust & Banking Corp Lowers Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its T-Mobile stake by 7.1% in Q4, selling 26,992 shares and retaining 355,598 shares valued at about $72.2 million per its latest 13F filing.
• T-Mobile announced a quarterly dividend of $1.02 per share (annualized $4.08), payable June 11 with an ex-dividend/record date of May 29, implying a ~2.2% yield and a 42% payout ratio.
• Significant insider selling has occurred recently—CFO Peter Osvaldik sold 27,000 shares and Director G. Michael Sievert sold 80,000 shares, with insiders disposing of 694,134 shares (~$150.8M) in the last 90 days.

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 355,598 shares of the Wireless communications provider's stock after selling 26,992 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in T-Mobile US were worth $72,201,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. United Community Bank increased its stake in T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 59 shares during the last quarter. City Holding Co. lifted its stake in shares of T-Mobile US by 48.4% in the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider's stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at about $38,000. First Horizon Corp purchased a new stake in shares of T-Mobile US during the 3rd quarter worth about $42,000. Finally, Wealth Watch Advisors INC acquired a new stake in T-Mobile US during the 3rd quarter worth approximately $45,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

T-Mobile US stock opened at $182.75 on Tuesday. The firm has a market capitalization of $201.36 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.24 and a beta of 0.43. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $261.56. The stock's 50 day moving average price is $207.48 and its 200 day moving average price is $205.82. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US's payout ratio is presently 42.02%.

Insiders Place Their Bets

In related news, CFO Peter Osvaldik sold 27,000 shares of the firm's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the completion of the sale, the chief financial officer directly owned 51,573 shares of the company's stock, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G Michael Sievert sold 80,000 shares of T-Mobile US stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the sale, the director directly owned 140,696 shares in the company, valued at $30,241,198.24. This trade represents a 36.25% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 694,134 shares of company stock valued at $150,847,799. Corporate insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Freedom Capital upgraded shares of T-Mobile US from a "hold" rating to a "strong-buy" rating in a report on Friday, April 17th. KeyCorp upgraded shares of T-Mobile US from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective for the company in a research note on Monday, April 13th. Benchmark reissued a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. DZ Bank restated a "buy" rating on shares of T-Mobile US in a report on Friday, February 13th. Finally, Citigroup upped their price target on shares of T-Mobile US from $220.00 to $225.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 17th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $260.91.

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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