T-Mobile US, Inc. $TMUS Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% during the second quarter, Holdings Channel.com reports. The fund owned 1,045,733 shares of the Wireless communications provider’s stock after purchasing an additional 9,269 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in T-Mobile US were worth $249,156,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 94 shares in the last quarter. Missouri Trust & Investment Co boosted its holdings in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC acquired a new position in T-Mobile US in the first quarter worth approximately $29,000. Aspect Partners LLC boosted its stake in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares in the last quarter. Finally, TCTC Holdings LLC raised its position in shares of T-Mobile US by 208.1% during 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 during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Up 3.0%

Shares of NASDAQ TMUS opened at $207.00 on Friday. The business has a 50 day simple moving average of $230.49 and a 200 day simple moving average of $237.20. T-Mobile US, Inc. has a 52 week low of $199.41 and a 52 week high of $276.49. The stock has a market cap of $231.53 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 earnings per share. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of analyst reports. Williams Trading set a $263.00 price objective on shares of T-Mobile US in a research note on Friday, October 24th. HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a research note on Friday, October 24th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Zacks Research cut T-Mobile US from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Finally, Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $266.63.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director directly owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,113,221 shares of company stock valued at $506,386,034 in the last three months. Corporate 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.