Handelsbanken Fonder AB Sells 12,397 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Handelsbanken Fonder AB lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,261 shares of the Wireless communications provider's stock after selling 12,397 shares during the period. Handelsbanken Fonder AB's holdings in T-Mobile US were worth $48,077,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. raised its holdings in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US during the fourth quarter valued at about $28,000. Adirondack Trust Co. grew its holdings in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 110 shares during the period. Finally, City Holding Co. lifted its holdings in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

TMUS has been the topic of a number of research reports. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Royal Bank of Canada upped their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research note on Wednesday, March 5th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a research note on Friday, March 14th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Performance

Shares of TMUS stock traded down $2.24 during trading hours on Thursday, hitting $228.70. 5,366,524 shares of the company were exchanged, compared to its average volume of 4,111,004. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $259.68 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52-week low of $171.18 and a 52-week high of $276.49. The firm has a fifty day simple moving average of $247.00 and a 200 day simple moving average of $244.04.

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

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. T-Mobile US's dividend payout ratio is presently 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.