Meiji Yasuda Asset Management Co Ltd. Buys Shares of 24,482 T-Mobile US, Inc. $TMUS

Meiji Yasuda Asset Management Co Ltd. purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 24,482 shares of the Wireless communications provider’s stock, valued at approximately $4,106,000.

A number of other large investors have also made changes to their positions in the business. Main Street Group LTD purchased a new position in T-Mobile US during the 1st quarter worth $25,000. JDM Financial Group LLC raised its stake in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Swiss RE Ltd. acquired a new stake in T-Mobile US in the fourth quarter worth about $29,000. Paladin Partners LLC acquired a new stake in T-Mobile US in the second quarter worth about $25,000. Finally, Turning Point Benefit Group Inc. grew its stake in shares of T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 153 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TMUS shares. Royal Bank Of Canada cut their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. UBS Group dropped their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Finally, Morgan Stanley lowered their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $183.04 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a fifty day moving average price of $181.42 and a 200 day moving average price of $193.97. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.25. The stock has a market cap of $196.34 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.84 earnings per share. Equities research analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

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.