T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,295 shares of the Wireless communications provider’s stock after purchasing an additional 21,084 shares during the quarter. Handelsbanken Fonder AB’s holdings in T-Mobile US were worth $39,063,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TMUS. Cetera Advisor Networks LLC increased its stake in T-Mobile US by 9.3% in the fourth quarter. Cetera Advisor Networks LLC now owns 33,973 shares of the Wireless communications provider’s stock valued at $5,447,000 after purchasing an additional 2,888 shares during the last quarter. Exencial Wealth Advisors LLC acquired a new stake in T-Mobile US during the 4th quarter worth $335,000. Stephens Inc. AR lifted its position in T-Mobile US by 2.8% in the fourth quarter. Stephens Inc. AR now owns 12,360 shares of the Wireless communications provider’s stock valued at $1,982,000 after acquiring an additional 332 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in T-Mobile US by 33.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 591,471 shares of the Wireless communications provider’s stock valued at $94,831,000 after acquiring an additional 147,547 shares in the last quarter. Finally, Morningstar Investment Services LLC purchased a new position in shares of T-Mobile US during the fourth quarter worth about $299,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at approximately $6,761,720. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 306,492 shares of company stock valued at $60,161,906 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $0.25 during trading on Friday, hitting $208.28. 2,654,939 shares of the stock were exchanged, compared to its average volume of 4,566,402. T-Mobile US, Inc. has a 12-month low of $136.84 and a 12-month high of $209.26. The company has a market cap of $244.07 billion, a PE ratio of 28.34, a P/E/G ratio of 1.07 and a beta of 0.51. The company has a fifty day moving average price of $197.46 and a two-hundred day moving average price of $179.45. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.86 earnings per share. On average, analysts forecast that T-Mobile US, Inc. will post 9.13 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.69%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is presently 47.89%.

Analyst Ratings Changes

A number of analysts recently issued reports on TMUS shares. Benchmark upped their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Bank of America lifted their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. TD Cowen increased their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Citigroup boosted their price target on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, KeyCorp increased their price objective on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Nineteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $216.36.

T-Mobile US 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.