E. Ohman J or Asset Management AB Decreases Stake in T-Mobile US, Inc. $TMUS

Key Points

• E. Ohman J or Asset Management AB cut its T-Mobile US stake by 31.5% in the second quarter, selling 6,800 shares and retaining 14,799 shares valued at approximately $2.48 million. Institutional investors collectively own 42.49% of the company.
• T-Mobile reported quarterly earnings of $2.99 per share, 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, equivalent to a 2.3% annualized yield.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $252.08, well above its reported trading price of $178.59.

E. Ohman J or Asset Management AB reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 31.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 14,799 shares of the Wireless communications provider's stock after selling 6,800 shares during the period. E. Ohman J or Asset Management AB's holdings in T-Mobile US were worth $2,482,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares during the period. State Street Corp raised its position in shares of T-Mobile US by 4.3% in the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider's stock valued at $5,133,198,000 after purchasing an additional 1,047,624 shares during the period. Capital International Investors raised its position in shares of T-Mobile US by 8.2% in the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider's stock valued at $3,014,754,000 after purchasing an additional 1,121,409 shares during the period. Invesco Ltd. lifted its stake in shares of T-Mobile US by 10.5% during the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider's stock valued at $1,772,638,000 after buying an additional 827,381 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of T-Mobile US during the 4th quarter valued at approximately $1,335,918,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.2%

Shares of T-Mobile US stock opened at $178.59 on Wednesday. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The company has a 50 day simple moving average of $181.47 and a two-hundred day simple moving average of $194.39. The firm has a market cap of $191.57 billion, a PE ratio of 18.70, a PEG ratio of 1.00 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share 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 the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.84 earnings per share. Analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US's payout ratio is presently 42.72%.

Analysts Set New Price Targets

TMUS has been the subject of several analyst reports. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Bank of America upgraded T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Monday, July 6th. Weiss Ratings lowered T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 15th. Oppenheimer upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 price target for the company in a research report on Wednesday, April 29th. Finally, UBS Group decreased their price objective on T-Mobile US from $255.00 to $235.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $252.08.

Insider Buying and Selling at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the company's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company's stock.

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source