KLP Kapitalforvaltning AS Has $72.22 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

KLP Kapitalforvaltning AS trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,773 shares of the Wireless communications provider's stock after selling 18,100 shares during the quarter. KLP Kapitalforvaltning AS's holdings in T-Mobile US were worth $72,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in T-Mobile US by 42.5% in the 4th quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock valued at $635,000 after buying an additional 858 shares during the last quarter. American Century Companies Inc. raised its stake in shares of T-Mobile US by 5.4% during the 4th quarter. American Century Companies Inc. now owns 361,889 shares of the Wireless communications provider's stock worth $79,880,000 after buying an additional 18,497 shares during the last quarter. Blueprint Investment Partners LLC boosted its stake in shares of T-Mobile US by 13.0% during the 4th quarter. Blueprint Investment Partners LLC now owns 1,910 shares of the Wireless communications provider's stock worth $422,000 after purchasing an additional 219 shares during the last quarter. Samalin Investment Counsel LLC boosted its stake in shares of T-Mobile US by 2.5% during the 4th quarter. Samalin Investment Counsel LLC now owns 2,378 shares of the Wireless communications provider's stock worth $525,000 after purchasing an additional 59 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of T-Mobile US by 27.1% during the 4th quarter. LPL Financial LLC now owns 428,424 shares of the Wireless communications provider's stock worth $94,566,000 after purchasing an additional 91,387 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

TMUS traded up $0.63 during trading hours on Tuesday, hitting $233.25. 4,000,572 shares of the stock were exchanged, compared to its average volume of 4,100,193. The stock has a 50-day simple moving average of $235.29 and a 200-day simple moving average of $244.04. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The stock has a market cap of $264.84 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the previous year, the business earned $2.00 earnings per share. T-Mobile US's revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm 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 dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 1,256,670 shares of company stock worth $288,999,139 in the last three months. 0.37% of the stock is owned by insiders.

Analyst Ratings Changes

TMUS has been the topic of a number of research analyst reports. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. One investment 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $255.12.

T-Mobile US 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.