Handelsbanken Fonder AB Sells 9,899 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Handelsbanken Fonder AB decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 162,247 shares of the Wireless communications provider’s stock after selling 9,899 shares during the quarter. Handelsbanken Fonder AB’s holdings in T-Mobile US were worth $26,013,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. raised its stake in T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in T-Mobile US in the third quarter valued at about $26,000. Baker Avenue Asset Management LP raised its stake in T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of T-Mobile US in the fourth quarter worth about $34,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of T-Mobile US by 54.5% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the transaction, the insider now owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the transaction, the insider now owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now directly owns 102,555 shares in the company, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,811,459 shares of company stock valued at $942,634,782. Insiders own 0.70% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $162.36 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The business’s 50 day moving average price is $162.30 and its 200-day moving average price is $156.54. The firm has a market capitalization of $192.70 billion, a PE ratio of 23.43, a P/E/G ratio of 0.66 and a beta of 0.49. T-Mobile US, Inc. has a 1 year low of $124.92 and a 1 year high of $168.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 earnings per share. As a group, equities research analysts expect that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is currently 37.52%.

Wall Street Analyst Weigh In

TMUS has been the subject of several research analyst reports. Tigress Financial raised their price objective on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Citigroup raised their price objective on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Morgan Stanley raised their price objective on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $184.00 price objective on shares of T-Mobile US in a research note on Wednesday, March 20th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $185.93.

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.