T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 27.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,886 shares of the Wireless communications provider’s stock after buying an additional 4,087 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in T-Mobile US were worth $4,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Custom Index Systems LLC boosted its position in T-Mobile US by 3.6% during the fourth quarter. Custom Index Systems LLC now owns 2,184 shares of the Wireless communications provider’s stock worth $482,000 after purchasing an additional 76 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of T-Mobile US in the 4th quarter worth about $1,031,000. Caprock Group LLC grew its stake in T-Mobile US by 9.9% in the 4th quarter. Caprock Group LLC now owns 36,008 shares of the Wireless communications provider’s stock valued at $7,948,000 after acquiring an additional 3,255 shares during the last quarter. Quantum Financial Planning Services Inc. purchased a new position in T-Mobile US during the 4th quarter valued at about $1,364,000. Finally, Sonora Investment Management Group LLC acquired a new position in T-Mobile US during the fourth quarter worth about $217,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TMUS shares. TD Cowen increased their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Scotiabank lifted their price target on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday. Citigroup boosted their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group raised their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $250.21.

T-Mobile US Trading Down 0.6 %

Shares of TMUS stock opened at $232.97 on Friday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The firm’s 50 day moving average price is $226.22 and its two-hundred day moving average price is $213.32. The stock has a market cap of $270.36 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.00%. On average, analysts anticipate that T-Mobile US, Inc. will post 10.15 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 7.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Nestor Cano sold 11,100 shares of T-Mobile US stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total value of $2,561,325.00. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $1,015,300. The trade was a 71.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 144,200 shares of company stock worth $32,736,303. 0.67% of the stock is currently owned by company insiders.

About T-Mobile US

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.