China Universal Asset Management Co. Ltd. Grows Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

China Universal Asset Management Co. Ltd. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 110.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,799 shares of the Wireless communications provider’s stock after purchasing an additional 7,753 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in T-Mobile US were worth $3,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TMUS. WASHINGTON TRUST Co raised its holdings in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. DT Investment Partners LLC grew its stake in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $27,000. Y.D. More Investments Ltd bought a new position in T-Mobile US during the second quarter worth $27,000. Finally, Westside Investment Management Inc. boosted its stake in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price target on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. KeyCorp lifted their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Barclays upped their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Two 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, the stock has a consensus rating of “Buy” and a consensus price target of $241.83.

T-Mobile US Stock Up 0.6 %

TMUS opened at $227.81 on Tuesday. The stock has a market cap of $266.96 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The firm’s fifty day moving average is $206.73 and its 200 day moving average is $186.05. T-Mobile US, Inc. has a fifty-two week low of $139.47 and a fifty-two week high of $234.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 earnings per share. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.22 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is 47.89%.

Insider Transactions at T-Mobile US

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jon Freier sold 10,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is currently owned by corporate insiders.

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.