E. Ohman J or Asset Management AB Has $3.56 Million Stock Holdings in T-Mobile US, Inc. $TMUS

E. Ohman J or Asset Management AB trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.1% during the fourth quarter, Holdings Channel reports. The firm owned 17,549 shares of the Wireless communications provider’s stock after selling 3,884 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in T-Mobile US were worth $3,563,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Howard Hughes Medical Institute acquired a new position in T-Mobile US during the second quarter worth approximately $25,000. United Community Bank lifted its position in shares of T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares during the period. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US during the 2nd quarter worth approximately $31,000. Finally, City Holding Co. increased its holdings in shares of T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after acquiring an additional 46 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 0.1%

Shares of TMUS opened at $208.76 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $272.60. The firm’s 50 day moving average is $205.48 and its 200-day moving average is $212.44. The stock has a market capitalization of $230.02 billion, a PE ratio of 21.50, a P/E/G ratio of 1.36 and a beta of 0.42.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.0%. T-Mobile US’s payout ratio is currently 42.02%.

Insider Transactions at T-Mobile US

In other news, Director G Michael Sievert sold 80,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the sale, the director directly owned 140,696 shares in the company, valued at approximately $30,241,198.24. This represents a 36.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the sale, the chief financial officer directly owned 51,573 shares in the company, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 694,134 shares of company stock worth $150,847,799. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research analyst reports. TD Cowen dropped their price target on T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. BNP Paribas Exane reduced their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Wells Fargo & Company increased their price objective on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, Wall Street Zen downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $257.30.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.