Meiji Yasuda Asset Management Co Ltd. Takes $4.11 Million Position in 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, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,482 shares of the Wireless communications provider’s stock, valued at approximately $4,106,000.

A number of other hedge funds also recently bought and sold shares of TMUS. Matters Capital LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $1,196,000. Bank of Nova Scotia purchased a new position in shares of T-Mobile US in the 2nd quarter worth approximately $49,659,000. Compass Financial Management LLC bought a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC purchased a new stake in T-Mobile US during the 2nd quarter valued at $3,732,000. Finally, Greenland Capital Management LP purchased a new stake in T-Mobile US during the 2nd quarter valued at $2,698,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings lowered shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target for the company in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada cut their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Performance

TMUS stock opened at $183.04 on Monday. The business’s fifty day simple moving average is $181.42 and its two-hundred day simple moving average is $193.97. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.25. The firm has a market cap of $196.34 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.03 and a beta of 0.33.

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

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. 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 42.72%.

About T-Mobile US

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.