Daiichi Life Insurance Co. Ltd. Purchases New Shares in T-Mobile US, Inc. $TMUS

Daiichi Life Insurance Co. Ltd. purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 69,064 shares of the Wireless communications provider’s stock, valued at approximately $11,584,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC increased its position in T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 48 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of T-Mobile US by 16.2% during the fourth quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after purchasing an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC lifted its position in shares of T-Mobile US by 4.3% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock worth $259,000 after purchasing an additional 52 shares in the last quarter. Essex Financial Services Inc. grew its stake in shares of T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock valued at $326,000 after purchasing an additional 53 shares during the last quarter. Finally, Tcfg Wealth Management LLC grew its stake in shares of T-Mobile US by 5.6% during the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock valued at $239,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TMUS. Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. TD Cowen cut their price target on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Arete Research raised their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, UBS Group dropped their price objective on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $183.04 on Friday. The company has a market capitalization of $196.34 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33. The firm’s 50 day simple moving average is $181.42 and its 200 day simple moving average is $193.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.25.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $2.84 earnings per share. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

About T-Mobile US

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.