Handelsbanken Fonder AB Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Handelsbanken Fonder AB lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 189,295 shares of the Wireless communications provider’s stock after acquiring an additional 21,084 shares during the period. Handelsbanken Fonder AB’s holdings in T-Mobile US were worth $39,063,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TMUS. Czech National Bank increased its position in T-Mobile US by 1.6% during the third quarter. Czech National Bank now owns 99,828 shares of the Wireless communications provider’s stock worth $20,601,000 after purchasing an additional 1,572 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of T-Mobile US by 24.8% during the 3rd quarter. Central Pacific Bank Trust Division now owns 12,115 shares of the Wireless communications provider’s stock worth $2,500,000 after buying an additional 2,405 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of T-Mobile US in the 3rd quarter worth $218,000. Neville Rodie & Shaw Inc. raised its position in shares of T-Mobile US by 30.3% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 36,790 shares of the Wireless communications provider’s stock worth $7,592,000 after buying an additional 8,565 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in T-Mobile US during the second quarter valued at about $12,095,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Bank of America boosted their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Morgan Stanley raised their target price on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Oppenheimer upped their price target on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Finally, Evercore ISI raised their price objective on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Nineteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $216.36.

Insider Activity

In related news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 306,492 shares of company stock worth $60,161,906. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Up 0.1 %

TMUS traded up $0.25 during trading on Friday, hitting $208.28. The company had a trading volume of 2,654,939 shares, compared to its average volume of 4,566,402. T-Mobile US, Inc. has a 1-year low of $136.84 and a 1-year high of $209.26. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. 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 business has a 50-day moving average of $197.46 and a 200-day moving average of $179.45.

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

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.69%. T-Mobile US’s dividend payout ratio (DPR) is presently 47.89%.

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.