China Universal Asset Management Co. Ltd. Acquires 9,314 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

China Universal Asset Management Co. Ltd. raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 49.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,200 shares of the Wireless communications provider's stock after purchasing an additional 9,314 shares during the quarter. T-Mobile US accounts for about 0.7% of China Universal Asset Management Co. Ltd.'s portfolio, making the stock its 26th biggest position. China Universal Asset Management Co. Ltd.'s holdings in T-Mobile US were worth $7,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of TMUS. Avantax Advisory Services Inc. grew its stake in shares of T-Mobile US by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock worth $8,272,000 after acquiring an additional 1,859 shares in the last quarter. Burling Wealth Partners LLC bought a new position in shares of T-Mobile US in the fourth quarter valued at approximately $2,539,000. Mizuho Securities USA LLC grew its holdings in shares of T-Mobile US by 45.4% in the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock valued at $10,197,000 after acquiring an additional 14,418 shares in the last quarter. GC Wealth Management RIA LLC grew its holdings in shares of T-Mobile US by 14.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider's stock valued at $2,804,000 after acquiring an additional 1,592 shares in the last quarter. Finally, Advisor Resource Council bought a new position in shares of T-Mobile US in the first quarter valued at approximately $463,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS stock traded down $3.12 on Monday, reaching $237.63. The company's stock had a trading volume of 2,957,849 shares, compared to its average volume of 4,094,707. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The company has a market capitalization of $269.81 billion, a P/E ratio of 23.18, a PEG ratio of 1.32 and a beta of 0.62. The stock's 50 day simple moving average is $238.63 and its 200-day simple moving average is $243.47.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the business posted $2.00 earnings per share. The firm's revenue was up 6.6% compared to the same quarter last year. 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 Dividend Announcement

The business 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 1.48%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

Analyst Ratings Changes

TMUS has been the subject of several recent analyst reports. Redburn Atlantic raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday. Bank of America initiated coverage on T-Mobile US in a report on Monday. They issued a "neutral" rating and a $255.00 target price for the company. Benchmark reaffirmed a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a report on Friday, March 14th. Finally, Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research report on Monday. Fourteen analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.98.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $237.89, for a total value of $16,614,237.60. Following the transaction, the director owned 647,800,524 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 628,560 shares of company stock worth $144,455,659. Insiders own 0.37% of the company's stock.

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.