Avanza Fonder AB Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Avanza Fonder AB purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,230 shares of the Wireless communications provider's stock, valued at approximately $8,218,000.

Several other hedge funds have also made changes to their positions in TMUS. Procyon Advisors LLC lifted its holdings in shares of T-Mobile US by 7.1% during the 4th quarter. Procyon Advisors LLC now owns 19,535 shares of the Wireless communications provider's stock worth $4,312,000 after acquiring an additional 1,288 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of T-Mobile US in the 4th quarter valued at about $4,359,000. Empirical Asset Management LLC purchased a new stake in shares of T-Mobile US during the 4th quarter worth about $3,505,000. Ritholtz Wealth Management increased its position in T-Mobile US by 12.1% during the 4th quarter. Ritholtz Wealth Management now owns 12,191 shares of the Wireless communications provider's stock worth $2,691,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Carnegie Investment Counsel raised its holdings in T-Mobile US by 9.7% in the fourth quarter. Carnegie Investment Counsel now owns 80,392 shares of the Wireless communications provider's stock valued at $17,745,000 after buying an additional 7,116 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TMUS shares. Evercore ISI boosted their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. KeyCorp lowered T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective on the stock. in a research report on Thursday, December 12th. Royal Bank of Canada downgraded T-Mobile US from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $255.00 to $240.00 in a research report on Monday, January 6th. Oppenheimer boosted their price target on T-Mobile US from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Morgan Stanley started coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $245.74.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $3.22 during trading hours on Friday, reaching $218.97. 4,224,613 shares of the stock were exchanged, compared to its average volume of 3,337,652. The stock has a market capitalization of $254.11 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.05 and a beta of 0.56. The firm has a 50 day simple moving average of $228.93 and a 200-day simple moving average of $210.26. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to analysts' expectations of $20.01 billion. During the same period last year, the business posted $1.82 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 9.31 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.61%. T-Mobile US's dividend payout ratio (DPR) is 40.14%.

Insiders Place Their Bets

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company's stock, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,200 shares of company stock valued at $37,407,303 over the last quarter. Insiders own 0.67% of the company's stock.

About T-Mobile US

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.