Fjarde AP Fonden Fourth Swedish National Pension Fund Has $46.96 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in T-Mobile US by 15% to 176,054 shares, valued at approximately $46.96 million.
• Several other institutional investors have also boosted their stakes in T-Mobile US, indicating strong interest in the company's shares.
• T-Mobile US announced a quarterly dividend of $0.88, with a yearly dividend yield of 1.4%, highlighting the company's commitment to returning value to shareholders.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,054 shares of the Wireless communications provider's stock after purchasing an additional 23,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in T-Mobile US were worth $46,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC lifted its position in shares of T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 37 shares during the period. Snowden Capital Advisors LLC lifted its position in shares of T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after buying an additional 40 shares during the period. Financial Management Professionals Inc. lifted its position in shares of T-Mobile US by 15.6% during the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after buying an additional 41 shares during the period. Hohimer Wealth Management LLC lifted its position in shares of T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after buying an additional 41 shares during the period. Finally, Journey Strategic Wealth LLC lifted its position in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $247.58, for a total transaction of $17,290,987.20. Following the sale, the director owned 636,481,244 shares in the company, valued at approximately $157,580,026,389.52. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jon Freier sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $250.00, for a total value of $1,750,000.00. Following the completion of the sale, the insider directly owned 199,643 shares of the company's stock, valued at approximately $49,910,750. The trade was a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,904,530 shares of company stock worth $445,006,069 over the last three months. Corporate insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Tigress Financial lifted their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Bank of America assumed coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.

T-Mobile US Stock Down 0.6%

NASDAQ:TMUS opened at $250.84 on Thursday. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The stock has a market cap of $282.30 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.39 and a beta of 0.62. The stock has a 50-day moving average price of $235.30 and a two-hundred day moving average price of $246.82.

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

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 33.21%.

About T-Mobile US

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.

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