Mitsubishi UFJ Trust & Banking Corp Has $104.76 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

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 reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TMUS. Godsey & Gibb Inc. increased its stake in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the last quarter. TCTC Holdings LLC boosted its holdings in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares in the last quarter. City Holding Co. boosted its holdings in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares in the last quarter. Adirondack Trust Co. boosted its holdings in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new stake in T-Mobile US in the fourth quarter worth $39,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $0.20 during mid-day trading on Wednesday, hitting $239.13. The company's stock had a trading volume of 3,888,333 shares, compared to its average volume of 4,353,498. T-Mobile US, Inc. has a fifty-two week low of $189.86 and a fifty-two week high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $269.12 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.32 and a beta of 0.62. The stock has a fifty day moving average of $234.76 and a 200-day moving average of $245.84.

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

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.5%. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TMUS shares. Tigress Financial upped their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. KeyCorp restated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Rothschild & Co Redburn upgraded 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. Finally, Bank of America initiated coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Transactions at T-Mobile US

In other news, insider Callie R. Field sold 12,300 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares of the company's stock, valued at approximately $26,702,552.80. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jon Freier sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the sale, the insider directly owned 199,643 shares of the company's stock, valued at approximately $49,910,750. The trade was a 3.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,695,010 shares of company stock valued at $393,849,666. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Company 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.