T-Mobile US, Inc. $TMUS Stake Boosted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,614 shares of the Wireless communications provider’s stock after buying an additional 3,704 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in T-Mobile US were worth $27,915,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $25,000. United Community Bank raised its stake in T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Elevation Wealth Partners LLC lifted its holdings in shares of T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Aspect Partners LLC lifted its holdings in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the second quarter worth $31,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 550,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director owned 891,204 shares in the company, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director directly owned 5,438 shares in the company, valued at approximately $1,143,720.16. This represents a 21.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. BNP Paribas Exane dropped their price target on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Tigress Financial lifted their target price on T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. TD Cowen reduced their price target on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. KeyCorp raised shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.65.

T-Mobile US Trading Up 0.1%

NASDAQ:TMUS opened at $219.61 on Wednesday. The company has a market capitalization of $241.98 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.29 and a beta of 0.44. The stock’s 50 day moving average price is $197.52 and its 200 day moving average price is $218.39. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $276.49.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) is currently 42.02%.

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.