Meiji Yasuda Asset Management Co Ltd. Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Meiji Yasuda Asset Management Co Ltd. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,115 shares of the Wireless communications provider's stock after purchasing an additional 2,884 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in T-Mobile US were worth $5,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Keystone Investors PTE Ltd. purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $259,000. Signature Estate & Investment Advisors LLC increased its stake in T-Mobile US by 8.6% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 12,502 shares of the Wireless communications provider's stock valued at $2,760,000 after acquiring an additional 986 shares during the last quarter. TIAA Trust National Association lifted its stake in T-Mobile US by 7.3% during the fourth quarter. TIAA Trust National Association now owns 7,664 shares of the Wireless communications provider's stock worth $1,692,000 after purchasing an additional 520 shares during the last quarter. Ashton Thomas Securities LLC raised its stake in shares of T-Mobile US by 10.2% during the fourth quarter. Ashton Thomas Securities LLC now owns 954 shares of the Wireless communications provider's stock worth $211,000 after acquiring an additional 88 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $28,000. 42.49% of the stock is currently owned by institutional investors.

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Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.67% of the company's stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded down $3.35 during trading on Friday, hitting $264.93. 3,322,070 shares of the company's stock traded hands, compared to its average volume of 4,168,610. T-Mobile US, Inc. has a 1 year low of $159.14 and a 1 year high of $276.49. The business has a 50-day simple moving average of $252.92 and a 200-day simple moving average of $232.89. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $302.48 billion, a P/E ratio of 27.40, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. T-Mobile US's payout ratio is 36.40%.

Analyst Ratings Changes

Several equities research analysts have weighed in on TMUS shares. Tigress Financial reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Sanford C. Bernstein assumed coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price target for the company. UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Wednesday, March 5th. Finally, Barclays increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

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.