Swedbank AB Purchases 2,741 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Swedbank AB increased its stake in T-Mobile US by 1.0%, owning 273,890 shares valued at approximately $73 million after purchasing an additional 2,741 shares during the first quarter.
• T-Mobile US reported earnings of $2.84 per share, exceeding analyst expectations and showing a 6.9% increase in revenue to $21.13 billion compared to the previous year.
• Several hedge funds have adjusted their positions in T-Mobile US, with Crestwood Advisors Group increasing its stake by 79.5% and Canada Pension Plan Investment Board acquiring 6.89 million shares worth nearly $1.84 billion.

Swedbank AB boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,890 shares of the Wireless communications provider's stock after purchasing an additional 2,741 shares during the quarter. Swedbank AB's holdings in T-Mobile US were worth $73,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Snowden Capital Advisors LLC boosted its position in T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after purchasing an additional 40 shares during the period. Financial Management Professionals Inc. boosted its position in T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 41 shares during the period. Hohimer Wealth Management LLC boosted its position in T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after purchasing an additional 41 shares during the period. Journey Strategic Wealth LLC boosted its position in T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after purchasing an additional 41 shares during the period. Finally, Angeles Wealth Management LLC boosted its position in T-Mobile US by 1.2% during the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after purchasing an additional 41 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated 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 transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 2,622,516 shares of company stock valued at $628,207,236 in the last quarter. Insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

TMUS stock traded down $1.98 during midday trading on Monday, reaching $239.74. The company had a trading volume of 3,062,433 shares, compared to its average volume of 3,790,168. The company has a market capitalization of $269.81 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. The stock has a 50 day moving average price of $243.29 and a 200-day moving average price of $246.30. T-Mobile US, Inc. has a 1-year low of $195.47 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly 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 business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. T-Mobile US's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus price target of $258.02.

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.