Swedbank AB Has $68.15 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Swedbank AB increased its holdings in T-Mobile US, Inc. by 4.4% in Q2, owning a total of 286,034 shares valued at $68.15 million.
• T-Mobile US reported an EPS of $2.84 for the last quarter, surpassing estimates, while its revenue grew by 6.9% year-over-year to $21.13 billion.
• The company announced a dividend increase to $1.02 per share, which translates to an annualized yield of 1.7% from the previous dividend of $0.88.

Swedbank AB grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 286,034 shares of the Wireless communications provider's stock after purchasing an additional 12,144 shares during the quarter. Swedbank AB's holdings in T-Mobile US were worth $68,150,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management boosted its stake in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. raised its position in shares of 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 acquiring an additional 60 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC raised 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. Finally, City Holding Co. raised 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 and hedge funds.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $238.83 on Friday. The firm has a market capitalization of $268.78 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.31 and a beta of 0.61. 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's 50-day simple moving average is $243.68 and its two-hundred day simple moving average is $245.96. T-Mobile US, Inc. has a twelve month low of $197.00 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.49 EPS. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.7%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

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 that occurred 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 transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 2,611,714 shares of company stock valued at $628,056,504. Company insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TMUS shares. The Goldman Sachs Group started coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price objective for the company. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research 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. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Finally, Bank of America initiated coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

About T-Mobile US

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.

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