Harvest Fund Management Co. Ltd Acquires 15,066 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Harvest Fund Management Co. Ltd increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,715 shares of the Wireless communications provider's stock after acquiring an additional 15,066 shares during the quarter. T-Mobile US makes up approximately 0.8% of Harvest Fund Management Co. Ltd's holdings, making the stock its 19th biggest holding. Harvest Fund Management Co. Ltd's holdings in T-Mobile US were worth $16,492,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of T-Mobile US by 0.4% in the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after acquiring an additional 41 shares during the last quarter. JSF Financial LLC boosted its holdings in shares of T-Mobile US by 0.9% during the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock worth $1,117,000 after purchasing an additional 44 shares during the period. D Orazio & Associates Inc. grew its holdings in shares of T-Mobile US by 3.7% during the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock valued at $290,000 after acquiring an additional 47 shares in the last quarter. Warren Street Wealth Advisors LLC raised its stake in shares of T-Mobile US by 4.3% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock worth $252,000 after purchasing an additional 47 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its position in T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock valued at $284,000 after acquiring an additional 48 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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T-Mobile US Price Performance

Shares of TMUS stock traded down $1.19 during mid-day trading on Friday, reaching $255.84. The company's stock had a trading volume of 9,207,016 shares, compared to its average volume of 3,983,104. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm's 50-day moving average is $248.19 and its two-hundred day moving average is $230.56. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. The company has a market cap of $292.10 billion, a P/E ratio of 26.46, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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 18.09%. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent research reports. Evercore ISI upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada increased their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday. Oppenheimer raised their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Sanford C. Bernstein began coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price target on the stock. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $255.80.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.67% 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.