Nordea Investment Management AB Increases Stock Holdings in T-Mobile US, Inc. $TMUS

Nordea Investment Management AB grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 19.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,904,969 shares of the Wireless communications provider’s stock after buying an additional 315,644 shares during the quarter. Nordea Investment Management AB’s holdings in T-Mobile US were worth $450,887,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock valued at $3,426,407,000 after buying an additional 214,224 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after buying an additional 844,932 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of T-Mobile US by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after buying an additional 169,562 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of T-Mobile US by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after buying an additional 65,394 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Moffett Nathanson raised their price target on T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Arete Research raised T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Rothschild Redb raised T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. upped their target price on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Finally, KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.17.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $226.45 on Friday. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The stock has a market cap of $254.85 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. The business has a fifty day moving average of $242.27 and a 200-day moving average of $241.96. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is presently 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the transaction, the director directly owned 646,822,764 shares of the company’s stock, valued at $150,470,379,589.32. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 2,348,493 shares of company stock valued at $568,431,000 over the last ninety days. 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.