Meiji Yasuda Asset Management Co Ltd. Boosts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Meiji Yasuda Asset Management Co Ltd. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,725 shares of the Wireless communications provider’s stock after purchasing an additional 1,054 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in T-Mobile US were worth $2,594,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Wellington Management Group LLP increased its position in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after acquiring an additional 4,241,877 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after acquiring an additional 184,059 shares during the period. Putnam Investments LLC boosted its position in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after purchasing an additional 578,348 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the transaction, the director now directly owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the sale, the director now directly owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares in the company, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 840,336 shares of company stock worth $154,461,060. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $196.68 on Thursday. T-Mobile US, Inc. has a 12 month low of $135.82 and a 12 month high of $206.30. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The stock has a market cap of $230.48 billion, a P/E ratio of 26.76, a P/E/G ratio of 0.74 and a beta of 0.51. The company has a 50 day moving average of $191.48 and a 200 day moving average of $176.04.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter last year, the company posted $1.86 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Benchmark lifted their target price on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. KeyCorp lifted their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday. Morgan Stanley increased their target price on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research report on Monday. Evercore ISI raised T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Finally, StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $205.69.

T-Mobile US Company 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.