T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 613,549 shares of the Wireless communications provider's stock after purchasing an additional 53,052 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.05% of T-Mobile US worth $99,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Morgan Stanley grew its position in T-Mobile US by 0.9% in the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider's stock worth $1,576,332,000 after acquiring an additional 104,490 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of T-Mobile US by 7.1% in the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider's stock worth $1,471,269,000 after purchasing an additional 693,443 shares in the last quarter. Invesco Ltd. increased its position in shares of T-Mobile US by 0.6% during the 3rd quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider's stock valued at $1,074,920,000 after purchasing an additional 45,196 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider's stock valued at $682,699,000 after buying an additional 23,800 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in T-Mobile US by 10.1% in the 4th quarter. California Public Employees Retirement System now owns 3,455,969 shares of the Wireless communications provider's stock worth $554,096,000 after buying an additional 316,617 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TMUS. Citigroup boosted their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a "buy" rating in a report on Monday, March 25th. Morgan Stanley boosted their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an "overweight" rating in a research note on Monday, January 29th. TD Cowen decreased their price objective on T-Mobile US from $204.00 to $202.00 and set a "buy" rating on the stock in a report on Friday, April 26th. KeyCorp increased their target price on T-Mobile US from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, April 26th. Finally, Benchmark restated a "buy" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $186.33.

T-Mobile US Trading Down 0.6 %

Shares of NASDAQ:TMUS traded down $0.94 on Tuesday, hitting $162.41. The company had a trading volume of 4,656,899 shares, compared to its average volume of 4,548,295. The firm's 50-day simple moving average is $162.63 and its two-hundred day simple moving average is $158.99. The firm has a market capitalization of $190.32 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 0.64 and a beta of 0.48. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a 1 year low of $124.92 and a 1 year high of $168.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. T-Mobile US's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share. Equities analysts anticipate that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.60%. T-Mobile US's dividend payout ratio is presently 35.37%.

Insider Buying and Selling

In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the transaction, the insider now owns 102,555 shares of the company's stock, valued at $17,274,364.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Callie R. Field sold 5,844 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company's stock, valued at approximately $17,274,364.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $161.05, for a total value of $6,442,000.00. Following the transaction, the chief executive officer now owns 496,036 shares of the company's stock, valued at approximately $79,886,597.80. The disclosure for this sale can be found here. Insiders have sold a total of 6,716,347 shares of company stock valued at $1,092,366,614 over the last ninety days. Company insiders own 0.70% 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.