E Fund Management Hong Kong Co. Ltd. Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

E Fund Management Hong Kong Co. Ltd. grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 475.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 535 shares of the Wireless communications provider’s stock after purchasing an additional 442 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in T-Mobile US were worth $143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Godsey & Gibb Inc. grew its holdings in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 60 shares during the period. Rakuten Securities Inc. boosted its position in shares of T-Mobile US by 93.9% during 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 in the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the fourth quarter worth $28,000. Adirondack Trust Co. raised its holdings in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Finally, City Holding Co. boosted its holdings in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research reports. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Benchmark reaffirmed a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Scotiabank raised T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $257.68.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the completion of the transaction, the director now owns 588,274,099 shares in the company, valued at $135,397,166,625.84. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 279,360 shares of company stock valued at $63,022,219 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $226.98 on Tuesday. The stock has a market cap of $257.72 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.22 and a beta of 0.64. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The stock’s fifty day moving average is $242.46 and its 200 day moving average is $242.95. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. T-Mobile US’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.00 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 34.34%.

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.