Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 14,800 Shares of T-Mobile US, Inc. $TMUS

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,754 shares of the Wireless communications provider’s stock after buying an additional 14,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in T-Mobile US were worth $49,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in T-Mobile US during the 2nd quarter worth about $1,477,780,000. Marshall Wace LLP boosted its position in shares of T-Mobile US by 2,303.2% during the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after purchasing an additional 1,878,654 shares in the last quarter. Viking Global Investors LP grew its stake in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the period. Assenagon Asset Management S.A. increased its holdings in T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after purchasing an additional 1,160,275 shares in the last quarter. Finally, State Street Corp lifted its stake in T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the transaction, the director directly owned 308,696 shares of the company’s stock, valued at $66,977,771.12. The trade was a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 335,193 shares of company stock worth $74,665,129 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Down 0.7%

Shares of NASDAQ TMUS opened at $190.66 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The company has a 50-day moving average price of $203.20 and a 200-day moving average price of $224.74. The stock has a market capitalization of $213.26 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.06 and a beta of 0.45. T-Mobile US, Inc. has a 1 year low of $188.12 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 EPS. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS 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 12th. Investors of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s payout ratio is presently 39.23%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Cowen restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Citigroup dropped their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Sanford C. Bernstein reduced their target price on T-Mobile US from $265.00 to $245.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $259.56.

T-Mobile US Company Profile

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.