E. Ohman J or Asset Management AB Has $3.56 Million Holdings in T-Mobile US, Inc. $TMUS

E. Ohman J or Asset Management AB lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,549 shares of the Wireless communications provider’s stock after selling 3,884 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in T-Mobile US were worth $3,563,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TMUS. Norges Bank acquired a new position in shares of T-Mobile US during the 2nd quarter worth about $1,477,780,000. Wellington Management Group LLP raised its position in shares of T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares during the period. Marshall Wace LLP raised its position in shares of T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after acquiring an additional 1,878,654 shares during the period. Viking Global Investors LP boosted its stake in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the last quarter. Finally, Amundi grew its holdings in T-Mobile US by 44.6% during the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after purchasing an additional 1,266,808 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $119,663,500.00. Following the transaction, the director owned 891,204 shares in the company, valued at approximately $193,899,254.28. The trade was a 38.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 694,134 shares of company stock worth $150,847,799. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of several recent analyst reports. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price for the company in a research note on Thursday, February 19th. KeyCorp raised shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. UBS Group restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Wolfe Research reaffirmed an “outperform” rating and set a $255.00 price objective on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, Scotiabank reduced their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.30.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $208.76 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The business has a 50-day moving average of $205.48 and a 200-day moving average of $212.44. The stock has a market capitalization of $230.02 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.36 and a beta of 0.42. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, May 29th. 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.