China Universal Asset Management Co. Ltd. Grows Stock Position in T-Mobile US, Inc. $TMUS

China Universal Asset Management Co. Ltd. lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 35.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,080 shares of the Wireless communications provider’s stock after purchasing an additional 9,880 shares during the period. T-Mobile US comprises approximately 0.9% of China Universal Asset Management Co. Ltd.’s holdings, making the stock its 23rd biggest position. China Universal Asset Management Co. Ltd.’s holdings in T-Mobile US were worth $9,073,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Howard Hughes Medical Institute bought a new position in T-Mobile US in the 2nd quarter worth $25,000. Missouri Trust & Investment Co raised its holdings in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the period. Aspect Partners LLC lifted its position in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in T-Mobile US during the second quarter valued at about $31,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TMUS shares. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. BNP Paribas Exane raised their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of T-Mobile US in a research report on Monday, December 8th. Scotiabank increased their price objective on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research note on Monday, October 6th. Finally, Wolfe Research lowered their target price on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $263.71.

T-Mobile US Price Performance

TMUS stock opened at $195.16 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The company’s fifty day moving average price is $213.74 and its 200-day moving average price is $230.62. T-Mobile US, Inc. has a one year low of $194.01 and a one year high of $276.49. The company has a market capitalization of $218.29 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $2.61 earnings per share. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s payout ratio is 39.23%.

Insider Buying and Selling

In related news, Director G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Srini Gopalan acquired 9,800 shares of T-Mobile US stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the purchase, the chief executive officer owned 90,258 shares in the company, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 1,237,172 shares of company stock valued at $284,993,242 in the last ninety days. Company insiders own 0.37% of the company’s stock.

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.