Skandinaviska Enskilda Banken AB publ Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in T-Mobile US by 155.8% in the first quarter, now holding 301,274 shares valued at $80.35 million.
• Research analysts have mixed ratings for T-Mobile US, with a consensus rating of "Moderate Buy" and an average price target of $255.83.
• T-Mobile US recently reported $2.84 earnings per share for the quarter, exceeding estimates, and announced a quarterly dividend of $0.88 per share.

Skandinaviska Enskilda Banken AB publ raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 155.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,274 shares of the Wireless communications provider's stock after acquiring an additional 183,480 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in T-Mobile US were worth $80,353,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Phoenix Financial Ltd. bought a new position in shares of T-Mobile US in the 1st quarter valued at $937,000. Stevens Capital Management LP acquired a new stake in T-Mobile US in the first quarter valued at $256,000. Caliber Wealth Management LLC KS acquired a new stake in T-Mobile US during the 1st quarter worth about $3,768,000. Neo Ivy Capital Management acquired a new stake in T-Mobile US during the 1st quarter worth about $1,497,000. Finally, Cetera Investment Advisers grew its holdings in T-Mobile US by 22.0% during the 1st quarter. Cetera Investment Advisers now owns 118,512 shares of the Wireless communications provider's stock worth $31,608,000 after acquiring an additional 21,342 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

NASDAQ TMUS traded down $5.36 on Monday, reaching $238.19. The company had a trading volume of 3,700,722 shares, compared to its average volume of 4,382,301. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $268.06 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. The firm's 50 day moving average price is $235.19 and its 200 day moving average price is $244.86. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping 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 net margin of 14.53% and a return on equity of 19.68%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.49 EPS. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

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 $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. T-Mobile US's dividend payout ratio is currently 33.21%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the completion of the transaction, the director owned 646,822,764 shares in the company, valued at $150,470,379,589.32. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 1,326,510 shares of company stock valued at $305,246,018. Insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TMUS. Royal Bank Of Canada increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday. Tigress Financial lifted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley boosted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Finally, Bank of America began coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.

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.