Meiji Yasuda Life Insurance Co Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Meiji Yasuda Life Insurance Co reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,491 shares of the Wireless communications provider’s stock after selling 2,190 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in T-Mobile US were worth $967,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Aveo Capital Partners LLC lifted its holdings in T-Mobile US by 6.5% during the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after purchasing an additional 137 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new position in T-Mobile US in the 4th quarter valued at about $207,000. D.A. Davidson & CO. boosted its holdings in T-Mobile US by 15.4% in the 4th quarter. D.A. Davidson & CO. now owns 32,962 shares of the Wireless communications provider’s stock worth $5,285,000 after buying an additional 4,407 shares during the last quarter. Corient Private Wealth LLC increased its stake in T-Mobile US by 2.9% during the 4th quarter. Corient Private Wealth LLC now owns 146,304 shares of the Wireless communications provider’s stock worth $23,457,000 after buying an additional 4,184 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of T-Mobile US by 32.0% during the fourth quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after acquiring an additional 7,000 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on TMUS shares. TD Cowen boosted their price target on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Evercore ISI raised shares of T-Mobile US to a “hold” rating in a research note on Thursday, August 1st. Bank of America upped their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Wells Fargo & Company raised their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $205.69.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $196.68 on Thursday. The business’s fifty day simple moving average is $191.48 and its 200-day simple moving average is $176.04. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a market cap of $230.48 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 52 week low of $135.82 and a 52 week high of $206.30.

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

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 840,336 shares of company stock worth $154,461,060. Insiders own 0.67% of the company’s stock.

T-Mobile US 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.