Mitsubishi UFJ Trust & Banking Corp Has $91.58 Million Holdings in T-Mobile US, Inc. $TMUS

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.0% in the 3rd quarter, Holdings Channel reports. The fund owned 382,590 shares of the Wireless communications provider’s stock after acquiring an additional 28,267 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in T-Mobile US were worth $91,584,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TMUS. Howard Hughes Medical Institute bought a new position in T-Mobile US during the 2nd quarter worth about $25,000. Elevation Wealth Partners LLC grew its holdings in shares of T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares in the last quarter. Aspect Partners LLC raised its position in T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 65 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the 2nd quarter valued at approximately $31,000. Finally, City Holding Co. boosted its position in T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after acquiring an additional 46 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO Srini Gopalan purchased 9,800 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the acquisition, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This trade represents a 12.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the transaction, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 170,764 shares of company stock worth $37,483,463. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 0.3%

Shares of NASDAQ:TMUS opened at $186.03 on Friday. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The company has a market capitalization of $208.08 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45. The company has a 50-day simple moving average of $200.06 and a 200 day simple moving average of $222.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the business earned $2.61 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is 39.23%.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent research reports. Royal Bank Of Canada lowered their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Rothschild Redb raised T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Finally, Daiwa Capital Markets dropped their target price on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $257.76.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.