Mitsubishi UFJ Trust & Banking Corp Has $73.35 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,401 shares of the Wireless communications provider’s stock after selling 20,081 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in T-Mobile US were worth $73,350,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Private Wealth Management Group LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $27,000. Westside Investment Management Inc. grew its holdings in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Valley National Advisers Inc. increased its position in shares of T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in T-Mobile US during the fourth quarter worth about $34,000. Finally, Pinnacle Bancorp Inc. grew its stake in T-Mobile US by 52.8% in the first quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 76 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of TMUS stock traded down $0.24 on Friday, hitting $182.05. The company’s stock had a trading volume of 2,494,988 shares, compared to its average volume of 4,314,281. The stock’s 50 day moving average is $174.79 and its 200-day moving average is $166.90. The company has a market capitalization of $213.34 billion, a PE ratio of 24.77, a PEG ratio of 0.71 and a beta of 0.51. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $185.42. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

Insider Activity

In related news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the sale, the insider now owns 122,687 shares in the company, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,147,808 shares of company stock worth $870,504,339. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Bank of America upped their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. TD Cowen lowered their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Finally, Citigroup raised their price objective on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $194.07.

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.