T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Swedbank AB

Swedbank AB lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,044 shares of the Wireless communications provider’s stock after acquiring an additional 12,411 shares during the period. Swedbank AB’s holdings in T-Mobile US were worth $52,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. StoneX Group Inc. raised its stake in shares of T-Mobile US by 9.9% in the third quarter. StoneX Group Inc. now owns 16,843 shares of the Wireless communications provider’s stock worth $3,476,000 after purchasing an additional 1,516 shares during the last quarter. Cerity Partners LLC raised its position in T-Mobile US by 22.3% during the 3rd quarter. Cerity Partners LLC now owns 117,790 shares of the Wireless communications provider’s stock worth $24,307,000 after buying an additional 21,487 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in T-Mobile US by 39.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 11,053 shares of the Wireless communications provider’s stock valued at $2,281,000 after acquiring an additional 3,103 shares during the period. Nicolet Advisory Services LLC purchased a new stake in shares of T-Mobile US in the 3rd quarter valued at $236,000. Finally, Nwam LLC increased its stake in shares of T-Mobile US by 0.3% in the third quarter. Nwam LLC now owns 27,741 shares of the Wireless communications provider’s stock worth $5,725,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TMUS shares. Oppenheimer boosted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Benchmark boosted their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America raised their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays boosted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, UBS Group raised their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $241.83.

Insider Activity

In other news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The trade was a 7.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Peter Osvaldik sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the sale, the chief financial officer now owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,750 shares of company stock worth $72,863,634 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.7 %

Shares of TMUS opened at $238.28 on Monday. The stock has a 50 day moving average price of $219.58 and a 200 day moving average price of $195.39. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock has a market capitalization of $276.52 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.22 and a beta of 0.50. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $242.43.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 earnings per share. Equities research analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 29.65%.

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.