T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in T-Mobile US by 1.6%, selling 6,513 shares, and now holds 392,785 shares valued at $104.76 million.
• T-Mobile US reported earnings of $2.84 per share for the most recent quarter, surpassing estimates and reflecting a 6.9% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.88 per share, which represents an annualized dividend of $3.52 and a yield of 1.5%.

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 392,785 shares of the Wireless communications provider's stock after selling 6,513 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in T-Mobile US were worth $104,760,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Crestwood Advisors Group LLC boosted its holdings in shares of T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after purchasing an additional 724 shares during the last quarter. Burling Wealth Partners LLC purchased a new position in shares of T-Mobile US in the 4th quarter worth $2,539,000. Advisor Resource Council purchased a new position in shares of T-Mobile US in the 1st quarter worth $463,000. Main Street Research LLC raised its position in shares of T-Mobile US by 1.0% in the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after buying an additional 1,788 shares during the period. Finally, Westpac Banking Corp raised its position in shares of T-Mobile US by 25.4% in the 4th quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock worth $2,304,000 after buying an additional 2,113 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Down 0.5%

NASDAQ:TMUS traded down $1.21 during mid-day trading on Friday, reaching $237.20. The stock had a trading volume of 3,480,382 shares, compared to its average volume of 4,254,532. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock's 50 day simple moving average is $234.89 and its two-hundred day simple moving average is $245.73. T-Mobile US, Inc. has a 1-year low of $185.39 and a 1-year high of $276.49. The company has a market capitalization of $266.95 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62.

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

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TMUS. Royal Bank Of Canada increased their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Morgan Stanley raised their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Tigress Financial raised their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Bank of America started coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 1,555,330 shares of company stock valued at $360,568,811 in the last three months. Insiders own 0.37% of the company's stock.

About T-Mobile US

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.