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

Harvest Fund Management Co. Ltd increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 25.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,715 shares of the Wireless communications provider’s stock after buying an additional 15,066 shares during the quarter. T-Mobile US accounts for about 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 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its position in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. Dunhill Financial LLC raised its position in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Financial Life Planners bought a new position in T-Mobile US in the fourth quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in T-Mobile US in the third quarter valued at about $34,000. Finally, Bruce G. Allen Investments LLC raised its position in T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Scotiabank raised their price objective on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Hsbc Global Res downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Barclays raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $255.05.

T-Mobile US Trading Up 0.2 %

Shares of T-Mobile US stock opened at $260.73 on Wednesday. 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, Inc. has a 52 week low of $158.84 and a 52 week high of $276.49. The stock has a 50 day moving average price of $245.59 and a two-hundred day moving average price of $229.56. The stock has a market capitalization of $297.69 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.35%. T-Mobile US’s payout ratio is 36.40%.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is owned by 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.