Mitsubishi UFJ Asset Management Co. Ltd. Purchases 67,334 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 925,062 shares of the Wireless communications provider's stock after acquiring an additional 67,334 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.08% of T-Mobile US worth $202,690,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dunhill Financial LLC increased its holdings in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 56 shares during the period. Rakuten Securities Inc. boosted its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the fourth quarter valued at approximately $28,000. Financial Life Planners bought a new position in T-Mobile US in the fourth quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in T-Mobile US during the third quarter worth $34,000. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TMUS shares. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Finally, Morgan Stanley assumed coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $256.80.

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Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.67% of the company's stock.

T-Mobile US Trading Down 1.2 %

Shares of TMUS traded down $3.35 during trading hours on Friday, hitting $264.93. 3,322,070 shares of the stock were exchanged, compared to its average volume of 4,168,610. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49. The business has a 50-day moving average of $252.92 and a 200-day moving average of $232.89. The firm has a market capitalization of $302.48 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

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

T-Mobile US Dividend Announcement

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

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.