T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 53.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,649 shares of the Wireless communications provider’s stock after buying an additional 20,700 shares during the quarter. T-Mobile US accounts for approximately 0.7% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 25th largest position. Harvest Fund Management Co. Ltd’s holdings in T-Mobile US were worth $12,309,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC grew its stake in shares of T-Mobile US by 80.7% in the 1st quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 113 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in T-Mobile US in the first quarter worth approximately $267,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of T-Mobile US during the 1st quarter valued at $5,380,000. Dynasty Wealth Management LLC acquired a new stake in shares of T-Mobile US during the 1st quarter valued at $1,224,000. Finally, Motley Fool Asset Management LLC boosted its stake in shares of T-Mobile US by 10.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 35,028 shares of the Wireless communications provider’s stock worth $5,717,000 after acquiring an additional 3,183 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of TMUS opened at $238.28 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm has a market cap of $276.52 billion, a PE ratio of 27.17, a PEG ratio of 1.22 and a beta of 0.50. The firm’s 50 day moving average price is $219.58 and its 200 day moving average price is $195.39. T-Mobile US, Inc. has a twelve month low of $147.96 and a twelve month high of $242.43.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. As a group, research analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is 29.65%.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was 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 owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The trade was a 7.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 340,750 shares of company stock valued at $72,863,634. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TMUS shares. Oppenheimer boosted their target price on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. TD Cowen raised their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays boosted their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price objective on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

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.