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

China Universal Asset Management Co. Ltd. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 110.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 14,799 shares of the Wireless communications provider's stock after acquiring an additional 7,753 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in T-Mobile US were worth $3,054,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TMUS. International Assets Investment Management LLC grew its position in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock worth $51,586,000 after buying an additional 248,828 shares in the last quarter. GSA Capital Partners LLP bought a new position in T-Mobile US in the first quarter worth approximately $1,908,000. CFO4Life Group LLC purchased a new stake in T-Mobile US during the first quarter worth $932,000. NewEdge Advisors LLC increased its holdings in shares of T-Mobile US by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider's stock valued at $37,184,000 after acquiring an additional 25,217 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of T-Mobile US by 26.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider's stock worth $3,336,000 after purchasing an additional 4,253 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

TMUS traded down $1.76 during trading on Tuesday, hitting $226.05. 3,150,160 shares of the stock were exchanged, compared to its average volume of 4,496,760. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 1-year low of $139.47 and a 1-year high of $234.56. The stock has a fifty day moving average price of $206.73 and a two-hundred day moving average price of $186.05. The firm has a market capitalization of $264.90 billion, a P/E ratio of 31.04, a PEG ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $20.16 billion for the quarter, compared to analysts' expectations of $20.01 billion. During the same period in the previous year, the company posted $1.82 EPS. The company's quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's dividend payout ratio is 47.89%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TMUS. UBS Group raised their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Bank of America lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Raymond James downgraded T-Mobile US from an "outperform" rating to a "market perform" rating in a report on Friday. Finally, Morgan Stanley increased their price target on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an "overweight" rating in a report on Tuesday. Two research 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 stock. According to data from MarketBeat, T-Mobile US has a consensus rating of "Buy" and an average target price of $241.83.

Insider Buying and Selling

In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the company's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now owns 35,588 shares in the company, valued at approximately $6,761,720. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares of the company's stock, valued at approximately $357,627,872. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 369,261 shares of company stock valued at $74,082,130 over the last three months. 0.67% of the stock is currently 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.