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

Harvest Fund Management Co. Ltd grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,163 shares of the Wireless communications provider’s stock after acquiring an additional 905 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in T-Mobile US were worth $1,617,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BluePath Capital Management LLC purchased a new stake in shares of T-Mobile US during the 3rd quarter valued at about $26,000. Valley National Advisers Inc. boosted its holdings in shares of T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares during the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of T-Mobile US in the fourth quarter worth approximately $34,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of T-Mobile US by 54.5% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $162.75, for a total transaction of $31,721,602.50. Following the completion of the sale, the director now directly owns 690,515,561 shares of the company’s stock, valued at $112,381,407,552.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $162.75, for a total transaction of $31,721,602.50. Following the completion of the sale, the director now directly owns 690,515,561 shares of the company’s stock, valued at $112,381,407,552.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teresa Taylor sold 12,022 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the sale, the director now directly owns 13,014 shares of the company’s stock, valued at $2,105,665.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,190,799 shares of company stock valued at $1,004,173,214. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Morgan Stanley raised their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Raymond James raised their price objective on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. Tigress Financial lifted their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $184.00 price target on shares of T-Mobile US in a report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $185.93.

T-Mobile US Price Performance

TMUS traded up $0.89 during trading hours on Tuesday, hitting $163.25. The company’s stock had a trading volume of 4,164,875 shares, compared to its average volume of 4,502,956. The business’s 50-day moving average price is $162.33 and its 200-day moving average price is $156.71. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The stock has a market cap of $193.76 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 0.66 and a beta of 0.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. During the same quarter in the prior year, the firm posted $1.18 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 37.52%.

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.