T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Forsta AP Fonden

Key Points

• Forsta AP Fonden reduced its holdings in T-Mobile US by 5.0%, now owning 150,100 shares valued at approximately $40 million.
• T-Mobile US stock is rated as a "Moderate Buy" with an average price target of $256.31 following price upgrades from several analysts.
• The company announced a quarterly dividend of $0.88 per share, set to be paid on September 11th, reflecting an annualized yield of 1.4%.

Forsta AP Fonden lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,100 shares of the Wireless communications provider's stock after selling 7,900 shares during the period. Forsta AP Fonden's holdings in T-Mobile US were worth $40,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Godsey & Gibb Inc. lifted its holdings in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the last quarter. TCTC Holdings LLC lifted its holdings in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. City Holding Co. lifted its holdings in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the last quarter. Adirondack Trust Co. lifted its holdings in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the last quarter. Finally, Pinney & Scofield Inc. purchased a new stake in shares of T-Mobile US during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

TMUS traded up $2.05 during midday trading on Friday, hitting $244.98. 4,261,624 shares of the company were exchanged, compared to its average volume of 4,319,843. The company's 50 day simple moving average is $234.84 and its 200 day simple moving average is $246.33. The firm has a market capitalization of $275.71 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62. 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, Inc. has a 1-year low of $192.11 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period last year, the firm earned $2.49 EPS. The company's quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $239.71, for a total transaction of $16,741,346.40. Following the sale, the director directly owned 646,124,364 shares in the company, valued at $154,882,471,294.44. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Callie R. Field sold 12,300 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total value of $2,961,840.00. Following the sale, the insider owned 110,891 shares in the company, valued at $26,702,552.80. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,764,850 shares of company stock worth $410,591,012 in the last ninety days. Company insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

TMUS has been the subject of several analyst reports. Morgan Stanley increased their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. KeyCorp reiterated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Tigress Financial increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price 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.