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

Handelsbanken Fonder AB raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,658 shares of the Wireless communications provider's stock after purchasing an additional 3,363 shares during the quarter. Handelsbanken Fonder AB's holdings in T-Mobile US were worth $42,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Dunhill Financial LLC increased its position in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. Financial Life Planners acquired a new stake in shares of T-Mobile US in the fourth quarter valued at about $29,000. MFA Wealth Advisors LLC increased its position in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US in the third quarter valued at about $34,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Price Performance

NASDAQ TMUS traded down $0.23 during trading on Friday, reaching $265.17. The company's stock had a trading volume of 3,554,246 shares, compared to its average volume of 3,824,914. The stock has a market capitalization of $302.76 billion, a PE ratio of 27.42, a P/E/G ratio of 1.53 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a fifty day moving average of $230.32 and a 200 day moving average of $220.66. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $271.41.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the transaction, the director now directly owns 4,021 shares in the company, valued at $989,166. This trade represents a 19.92 % 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, Director Letitia A. Long sold 1,100 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TMUS has been the subject of a number of research reports. Oppenheimer raised their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Barclays increased their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and set a $255.00 price target on shares of T-Mobile US in a report on Tuesday, January 28th. The Goldman Sachs Group raised their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They set a "market perform" rating and a $265.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $251.79.

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.