Danske Bank A S Makes New $90.51 Million Investment in T-Mobile US, Inc. $TMUS

Key Points

• Danske Bank acquired 539,620 shares of T-Mobile US worth approximately $90.5 million during the second quarter, giving it a 0.05% stake. Hedge funds and other institutional investors collectively own 42.49% of the company.
• Analysts remain broadly positive, with T-Mobile carrying a consensus “Moderate Buy” rating and an average price target of $252.08, although several firms recently lowered their targets.
• T-Mobile reported quarterly EPS of $2.99, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02 per share, representing a 2.2% annualized yield.

Danske Bank A S acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 539,620 shares of the Wireless communications provider's stock, valued at approximately $90,510,000. Danske Bank A S owned 0.05% of T-Mobile US at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. JDM Financial Group LLC grew its position in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 65 shares during the period. Main Street Group LTD bought a new stake in T-Mobile US in the first quarter worth about $25,000. Paladin Partners LLC bought a new stake in T-Mobile US in the second quarter worth about $25,000. Dunhill Financial LLC purchased a new position in T-Mobile US in the second quarter valued at about $27,000. Finally, Swiss RE Ltd. purchased a new position in T-Mobile US in the fourth quarter valued at about $29,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Jon Freier sold 4,799 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares of the company's stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TD Cowen decreased their price target on shares of T-Mobile US from $261.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada reduced their price objective on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Morgan Stanley decreased their target price on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. The Goldman Sachs Group restated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Finally, Scotiabank dropped their price target on T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $252.08.

T-Mobile US Stock Up 1.5%

TMUS opened at $182.75 on Wednesday. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The company has a market cap of $196.03 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average of $181.70 and a 200 day moving average of $194.22.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 EPS. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US's payout ratio is presently 42.72%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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