Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Holdings in T-Mobile US, Inc. $TMUS

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,754 shares of the Wireless communications provider’s stock after acquiring 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 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Eagle Global Advisors LLC raised its stake in shares of T-Mobile US by 1.4% during the 3rd quarter. Eagle Global Advisors LLC now owns 41,298 shares of the Wireless communications provider’s stock worth $9,886,000 after purchasing an additional 589 shares during the period. Sunbeam Capital Management LLC raised its position in T-Mobile US by 9.8% in the third quarter. Sunbeam Capital Management LLC now owns 1,926 shares of the Wireless communications provider’s stock worth $461,000 after acquiring an additional 172 shares during the period. Blalock Williams LLC purchased a new position in T-Mobile US in the third quarter valued at about $402,000. Magnus Financial Group LLC grew its position in shares of T-Mobile US by 8.0% during the 3rd quarter. Magnus Financial Group LLC now owns 1,149 shares of the Wireless communications provider’s stock valued at $275,000 after acquiring an additional 85 shares during the period. Finally, Procyon Advisors LLC increased its stake in shares of T-Mobile US by 14.9% during the 3rd quarter. Procyon Advisors LLC now owns 2,092 shares of the Wireless communications provider’s stock worth $501,000 after purchasing an additional 271 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $190.66 on Friday. The business’s fifty day moving average is $203.20 and its 200 day moving average is $224.74. The firm has a market cap of $213.26 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.06 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a 52-week low of $188.12 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the previous year, the firm earned $2.61 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio is 39.23%.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Tigress Financial upped their price objective 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. Wolfe Research dropped their price target on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. BNP Paribas Exane increased their price target on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Oppenheimer cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Finally, Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.56.

Insider Activity

In related news, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the sale, the director owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Srini Gopalan bought 9,800 shares of T-Mobile US stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the transaction, the chief executive officer owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 335,193 shares of company stock valued at $74,665,129 in the last quarter. 0.37% of the stock is currently owned by company insiders.

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.