Skandinaviska Enskilda Banken AB publ Has $21.64 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,831 shares of the Wireless communications provider’s stock after acquiring an additional 4,266 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in T-Mobile US were worth $21,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Compton Wealth Advisory Group LLC increased its stake in T-Mobile US by 0.4% during the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after acquiring an additional 56 shares during the period. Benjamin Edwards Inc. increased its stake in T-Mobile US by 0.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock worth $1,468,000 after acquiring an additional 56 shares during the period. Anfield Capital Management LLC increased its stake in T-Mobile US by 18.7% during the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock worth $64,000 after acquiring an additional 57 shares during the period. Capital Advisors Ltd. LLC increased its stake in T-Mobile US by 22.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 58 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in T-Mobile US by 2.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 64 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Tigress Financial lifted their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. TD Cowen lifted their price target on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. KeyCorp lifted their price target on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Oppenheimer lifted their price target on T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday. Eighteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $211.92.

T-Mobile US Trading Down 0.1 %

NASDAQ TMUS opened at $199.44 on Friday. The company has a market cap of $233.71 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $206.30. The business’s fifty day moving average is $192.29 and its 200 day moving average is $176.46. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 EPS. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the transaction, the director now directly owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the transaction, the director now directly owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 706,875 shares of company stock valued at $130,909,198. 0.67% of the stock is currently owned by company insiders.

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.