Handelsbanken Fonder AB reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,861 shares of the Wireless communications provider's stock after selling 8,160 shares during the period. Handelsbanken Fonder AB's holdings in T-Mobile US were worth $27,317,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $5,643,511,000 after buying an additional 6,516,968 shares during the last quarter. State Street Corp increased its position in shares of T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider's stock worth $5,133,198,000 after acquiring an additional 1,047,624 shares in the last quarter. Capital International Investors raised its holdings in shares of T-Mobile US by 8.2% in the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider's stock worth $3,014,754,000 after acquiring an additional 1,121,409 shares during the last quarter. Invesco Ltd. raised its holdings in shares of T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider's stock worth $1,772,638,000 after acquiring an additional 827,381 shares during the last quarter. Finally, Norges Bank bought a new position in T-Mobile US in the 4th quarter valued at about $1,335,918,000. Institutional investors and hedge funds own 42.49% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on TMUS. JPMorgan Chase & Co. reiterated a "buy" rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Freedom Capital upgraded T-Mobile US from a "hold" rating to a "strong-buy" rating in a report on Friday, April 17th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Morgan Stanley dropped their price objective on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 7th. Finally, Scotiabank cut their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $252.08.
View Our Latest Stock Report on TMUS
T-Mobile US Trading Down 0.8%
NASDAQ:TMUS opened at $177.13 on Thursday. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The stock's fifty day moving average price is $181.38 and its two-hundred day moving average price is $194.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market cap of $190.00 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.00 and a beta of 0.33.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 earnings per share. As a group, analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current year.
T-Mobile US Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US's payout ratio is 42.72%.
Insider Activity
In other news, COO Jon Freier sold 4,799 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Company Profile
(
Free Report)
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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