Skandinaviska Enskilda Banken AB publ Purchases 3,704 Shares of T-Mobile US, Inc. $TMUS

Skandinaviska Enskilda Banken AB publ increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 116,614 shares of the Wireless communications provider’s stock after buying an additional 3,704 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in T-Mobile US were worth $27,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Glenview Trust Co grew its position in shares of T-Mobile US by 7.1% in the third quarter. Glenview Trust Co now owns 83,766 shares of the Wireless communications provider’s stock valued at $20,052,000 after purchasing an additional 5,547 shares during the last quarter. Zions Bancorporation National Association UT lifted its position in shares of T-Mobile US by 51.9% during the 3rd quarter. Zions Bancorporation National Association UT now owns 1,296 shares of the Wireless communications provider’s stock worth $310,000 after purchasing an additional 443 shares during the last quarter. Vanguard Group Inc. boosted its stake in T-Mobile US by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after purchasing an additional 636,192 shares during the period. Tobam boosted its stake in T-Mobile US by 29.9% during the 3rd quarter. Tobam now owns 19,553 shares of the Wireless communications provider’s stock valued at $4,681,000 after purchasing an additional 4,495 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings in T-Mobile US by 1.4% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,424 shares of the Wireless communications provider’s stock valued at $3,692,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TMUS shares. Weiss Ratings lowered T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Williams Trading set a $263.00 price target on shares of T-Mobile US in a research 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. Finally, Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $256.65.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $219.61 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The company has a 50-day moving average of $197.52 and a 200-day moving average of $218.39. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $276.49. The company has a market capitalization of $241.98 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.29 and a beta of 0.44.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is currently 42.02%.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 550,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the sale, the director owned 891,204 shares of the company’s stock, valued at $193,899,254.28. The trade was a 38.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of T-Mobile US stock in a transaction on 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 of the company’s stock, valued at approximately $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

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.