E Fund Management Co. Ltd. Buys 3,373 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

E Fund Management Co. Ltd. lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 29.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,996 shares of the Wireless communications provider's stock after acquiring an additional 3,373 shares during the quarter. E Fund Management Co. Ltd.'s holdings in T-Mobile US were worth $3,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Barclays PLC increased its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after buying an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new position in T-Mobile US during the fourth quarter worth $1,552,000. Trust Co. of Vermont increased its position in T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock worth $5,954,000 after buying an additional 2,865 shares during the last quarter. Swedbank AB increased its position in T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock worth $52,631,000 after buying an additional 12,411 shares during the last quarter. Finally, Rice Partnership LLC acquired a new position in T-Mobile US during the fourth quarter worth $7,678,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Letitia A. Long sold 1,100 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andre Almeida purchased 3,808 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

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T-Mobile US Trading Up 0.9 %

TMUS traded up $2.29 during trading on Friday, reaching $265.24. 3,289,580 shares of the company's stock were exchanged, compared to its average volume of 3,992,415. The company's fifty day moving average price is $239.80 and its 200-day moving average price is $226.42. The firm has a market capitalization of $302.84 billion, a PE ratio of 27.43, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.33%. T-Mobile US's dividend payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Sanford C. Bernstein assumed coverage on 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. Tigress Financial reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their price target on T-Mobile US from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $254.10.

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.