Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Stock Holdings in T-Mobile US, Inc. $TMUS

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 200,754 shares of the Wireless communications provider’s stock after selling 4,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in T-Mobile US were worth $40,761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. JDM Financial Group LLC raised its stake in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Turning Point Benefit Group Inc. raised its stake in T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 153 shares during the last quarter. Ares Financial Consulting LLC purchased a new stake in T-Mobile US in the fourth quarter valued at about $38,000. United Community Bank raised its stake in T-Mobile US by 78.8% in the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Finally, WHI TRUST Co LLC purchased a new stake in T-Mobile US in the fourth quarter valued at about $41,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TMUS shares. Arete Research increased their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada decreased their price target on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Morgan Stanley started coverage on T-Mobile US in a research note on Thursday, April 16th. They issued an “overweight” rating and a $260.00 price target for the company. Finally, UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.48.

Get Our Latest Stock Analysis on TMUS

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

T-Mobile US Stock Up 0.6%

Shares of TMUS stock opened at $178.10 on Friday. The stock’s 50-day simple moving average is $193.65 and its 200-day simple moving average is $200.69. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market capitalization of $192.74 billion, a PE ratio of 18.95, a P/E/G ratio of 1.03 and a beta of 0.31. T-Mobile US, Inc. has a fifty-two week low of $174.02 and a fifty-two week high of $261.56.

T-Mobile US (NASDAQ:TMUSGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.58 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

Insider Buying and Selling

In related news, insider Andre Almeida bought 5,097 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the acquisition, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by corporate insiders.

T-Mobile US Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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