Avanza Fonder AB Has $8.99 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Avanza Fonder AB trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,994 shares of the Wireless communications provider's stock after selling 3,236 shares during the quarter. Avanza Fonder AB's holdings in T-Mobile US were worth $8,993,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Simplicity Wealth LLC acquired a new stake in T-Mobile US in the 1st quarter worth about $228,000. GAMMA Investing LLC lifted its position in T-Mobile US by 10.2% during the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider's stock worth $3,054,000 after purchasing an additional 1,059 shares during the period. Trust Co. of Oklahoma acquired a new stake in T-Mobile US during the first quarter worth about $208,000. Signet Financial Management LLC increased its holdings in T-Mobile US by 14.5% in the 1st quarter. Signet Financial Management LLC now owns 10,614 shares of the Wireless communications provider's stock valued at $2,831,000 after buying an additional 1,344 shares during the period. Finally, Bruce G. Allen Investments LLC raised its position in shares of T-Mobile US by 26.7% in the 1st quarter. Bruce G. Allen Investments LLC now owns 209 shares of the Wireless communications provider's stock valued at $56,000 after buying an additional 44 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

TMUS has been the topic of a number of recent analyst reports. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research report on Friday, March 14th. Tigress Financial raised their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Trading Down 2.5%

Shares of NASDAQ:TMUS traded down $6.04 during mid-day trading on Wednesday, hitting $230.94. The company had a trading volume of 6,707,146 shares, compared to its average volume of 4,105,978. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $171.18 and a one year high of $276.49. The firm has a fifty day moving average price of $247.34 and a 200 day moving average price of $244.14. The company has a market capitalization of $262.22 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 34.34%.

T-Mobile US Company 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.