Asahi Life Asset Management CO. LTD. Purchases Shares of 2,390 T-Mobile US, Inc. (NASDAQ:TMUS)

Asahi Life Asset Management CO. LTD. acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,390 shares of the Wireless communications provider’s stock, valued at approximately $528,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pallas Capital Advisors LLC acquired a new position in T-Mobile US in the third quarter valued at about $205,000. Strategic Blueprint LLC bought a new position in shares of T-Mobile US in the third quarter valued at approximately $222,000. HM Payson & Co. raised its stake in shares of T-Mobile US by 117.2% in the third quarter. HM Payson & Co. now owns 252 shares of the Wireless communications provider’s stock valued at $52,000 after acquiring an additional 136 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of T-Mobile US by 34.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,778 shares of the Wireless communications provider’s stock worth $780,000 after acquiring an additional 974 shares in the last quarter. Finally, Phillips Wealth Planners LLC grew its position in T-Mobile US by 21.3% during the 3rd quarter. Phillips Wealth Planners LLC now owns 2,658 shares of the Wireless communications provider’s stock worth $584,000 after acquiring an additional 466 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 2.1 %

NASDAQ:TMUS opened at $269.69 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $273.40. The stock’s fifty day simple moving average is $235.52 and its 200-day simple moving average is $223.99. The firm has a market capitalization of $307.92 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andre Almeida purchased 3,808 shares of the stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the acquisition, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of several research analyst reports. Barclays lifted their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Scotiabank upped their target price on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $251.79.

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.