Mitsubishi UFJ Asset Management UK Ltd. Makes New $552,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,500 shares of the Wireless communications provider’s stock, valued at approximately $552,000.

Other hedge funds have also recently added to or reduced their stakes in the company. DT Investment Partners LLC boosted its holdings in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Dunhill Financial LLC raised its stake in T-Mobile US by 76.7% in the third 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. MFA Wealth Advisors LLC boosted its position in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US during the 3rd quarter worth about $34,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $219.49 on Wednesday. The company has a 50-day moving average price of $228.55 and a two-hundred day moving average price of $210.98. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $254.72 billion, a PE ratio of 25.03, a P/E/G ratio of 1.09 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the business earned $1.82 EPS. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post 9.3 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TMUS shares. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Evercore ISI increased their price objective on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada lowered shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $255.00 to $240.00 in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $245.74.

Insiders Place Their Bets

In related news, EVP Nestor Cano sold 11,100 shares of T-Mobile US stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. This represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,200 shares of company stock worth $37,407,303 in the last quarter. 0.67% of the stock is owned by company insiders.

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.