Handelsbanken Fonder AB Buys 7,216 Shares of T-Mobile US, Inc. $TMUS

Handelsbanken Fonder AB grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,477 shares of the Wireless communications provider’s stock after buying an additional 7,216 shares during the period. Handelsbanken Fonder AB’s holdings in T-Mobile US were worth $44,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Journey Strategic Wealth LLC boosted its holdings in T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after acquiring an additional 41 shares during the last quarter. Angeles Wealth Management LLC lifted its position in shares of T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after purchasing an additional 41 shares during the period. Weaver Capital Management LLC boosted its stake in shares of T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after purchasing an additional 42 shares during the last quarter. Haven Private LLC increased its position in shares of T-Mobile US by 1.3% during the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after buying an additional 42 shares during the period. Finally, Bank of Stockton raised its stake in T-Mobile US by 1.2% during the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after buying an additional 44 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the completion of the sale, the director owned 635,014,604 shares in the company, valued at $152,454,306,128.32. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 1,789,021 shares of company stock worth $422,253,956. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent analyst reports. Williams Trading set a $263.00 target price on shares of T-Mobile US in a report on Friday, October 24th. Oppenheimer downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Finally, Rothschild Redb upgraded T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $266.83.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $209.48 on Friday. The stock has a market cap of $234.30 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a fifty-two week low of $199.41 and a fifty-two week high of $276.49. The firm’s 50-day simple moving average is $223.42 and its 200 day simple moving average is $234.69.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

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.