T-Mobile US, Inc. $TMUS Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB reduced its shareholding in T-Mobile US by 3.6%, holding 170,567 shares valued at approximately $45.49 million.
• Analysts have recently updated their ratings on T-Mobile US, with three analysts giving it a Strong Buy rating, while the consensus target price is set at $256.31.
• T-Mobile US announced a quarterly dividend of $0.88 per share, with an ex-dividend date of August 29th, representing an annualized yield of 1.4%.

Lansforsakringar Fondforvaltning AB publ reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,567 shares of the Wireless communications provider's stock after selling 6,440 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in T-Mobile US were worth $45,492,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Godsey & Gibb Inc. raised its position in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US in the first quarter worth $29,000. TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Adirondack Trust Co. boosted its position in shares of 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 last quarter. Finally, City Holding Co. boosted its position in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 43 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $1.43 on Monday, reaching $251.99. 3,203,054 shares of the company were exchanged, compared to its average volume of 3,931,088. The firm has a market cap of $283.59 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The company has a 50-day moving average of $240.80 and a 200-day moving average of $247.85. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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 company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.49 EPS. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TMUS shares. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Morgan Stanley increased their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and an average target price of $256.31.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the sale, the chief executive officer owned 358,722 shares of the company's stock, valued at $91,682,168.76. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $251.23, for a total transaction of $17,545,903.20. Following the completion of the sale, the director directly owned 635,503,484 shares of the company's stock, valued at $159,657,540,285.32. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,418,410 shares of company stock valued at $575,342,737 over the last 90 days. 0.37% of the stock is owned by corporate insiders.

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.