Daiichi Life Insurance Co. Ltd. acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 69,064 shares of the Wireless communications provider’s stock, valued at approximately $11,584,000.
A number of other large investors also recently modified their holdings of TMUS. BlackRock Inc. acquired a new stake in shares of T-Mobile US in the second quarter valued at about $6,625,275,000. Norges Bank acquired a new position in T-Mobile US during the fourth quarter valued at approximately $1,335,918,000. Price T Rowe Associates Inc. MD boosted its position in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after purchasing an additional 6,516,968 shares during the last quarter. Bank of New York Mellon Corp bought a new position in T-Mobile US in the second quarter valued at approximately $839,194,000. Finally, Dodge & Cox grew its stake in T-Mobile US by 65.2% in the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after purchasing an additional 2,442,450 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.
T-Mobile US Trading Up 1.0%
TMUS stock opened at $183.04 on Friday. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.25. The stock has a market cap of $196.34 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a fifty day moving average price of $181.42 and a two-hundred day moving average price of $193.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.
T-Mobile US Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is 42.72%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on TMUS. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research note on Wednesday, April 29th. KeyCorp decreased their target price on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research report on Monday, July 6th. Finally, Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $252.08.
Check Out Our Latest Research Report on T-Mobile US
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.
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