Mitsubishi UFJ Trust & Banking Corp Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 399,298 shares of the Wireless communications provider's stock after selling 76,079 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in T-Mobile US were worth $88,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Raymond James Financial Inc. bought a new position in T-Mobile US during the fourth quarter worth $452,721,000. FMR LLC lifted its holdings in T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares during the last quarter. Barclays PLC grew its holdings in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of T-Mobile US by 31,353.2% in the fourth quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider's stock valued at $140,172,000 after acquiring an additional 633,021 shares during the period. Finally, Wellington Management Group LLP raised its stake in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after purchasing an additional 602,786 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

TMUS has been the subject of a number of analyst reports. Tigress Financial reiterated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. KeyCorp cut shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price for the company. in a research report on Thursday, December 12th. Oppenheimer boosted their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Barclays raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $256.80.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction dated 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 represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Trading Down 0.9 %

Shares of NASDAQ TMUS traded down $2.46 during mid-day trading on Friday, hitting $265.82. The stock had a trading volume of 1,387,553 shares, compared to its average volume of 4,160,326. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market cap of $303.50 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. 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 moving average price of $252.00 and a two-hundred day moving average price of $232.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (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%. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

T-Mobile US Company 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.