GF Fund Management CO. LTD. Has $63.41 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

GF Fund Management CO. LTD. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,737 shares of the Wireless communications provider's stock after purchasing an additional 17,706 shares during the quarter. T-Mobile US accounts for 1.5% of GF Fund Management CO. LTD.'s portfolio, making the stock its 13th largest position. GF Fund Management CO. LTD.'s holdings in T-Mobile US were worth $63,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Geode Capital Management LLC raised its holdings in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after acquiring an additional 90,755 shares during the period. Invesco Ltd. raised its holdings in shares of T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after acquiring an additional 384,956 shares during the period. Norges Bank acquired a new stake in shares of T-Mobile US during the fourth quarter worth $1,802,393,000. Capital International Investors raised its holdings in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $237.89, for a total transaction of $16,614,237.60. Following the completion of the sale, the director directly owned 647,800,524 shares in the company, valued at $154,105,266,654.36. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 628,560 shares of company stock worth $144,455,659 in the last ninety days. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

TMUS stock traded up $2.89 during trading on Friday, reaching $240.31. 1,998,845 shares of the company were exchanged, compared to its average volume of 4,095,903. The company has a 50-day moving average of $238.63 and a two-hundred day moving average of $243.13. The company has a market capitalization of $272.86 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.32 and a beta of 0.62. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the prior year, the company posted $2.00 EPS. The company's revenue was up 6.6% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TMUS shares. Benchmark restated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Royal Bank Of Canada lifted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Tigress Financial lifted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

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.