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

Harvest Fund Management Co. Ltd increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 53.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,649 shares of the Wireless communications provider’s stock after purchasing an additional 20,700 shares during the period. T-Mobile US accounts for about 0.7% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 25th biggest holding. Harvest Fund Management Co. Ltd’s holdings in T-Mobile US were worth $12,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co grew its stake in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. DT Investment Partners LLC raised its stake in shares of T-Mobile US by 65.3% during the third 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 during the period. Summit Securities Group LLC acquired a new position in shares of T-Mobile US during the second quarter worth $27,000. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US in the second quarter valued at $27,000. Finally, MFA Wealth Advisors LLC grew its holdings in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Up 0.7 %

NASDAQ:TMUS opened at $238.28 on Monday. The firm has a market capitalization of $276.52 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.22 and a beta of 0.50. The business has a 50 day simple moving average of $219.58 and a 200 day simple moving average of $195.39. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43.

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

T-Mobile US Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TMUS shares. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Bank of America raised their price objective on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer upped their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. KeyCorp raised 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 report on Thursday, October 24th. Finally, Barclays upped 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. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Buying and Selling at T-Mobile US

In related news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,750 shares of company stock worth $72,863,634. 0.67% of the stock is owned by company 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.