Forsta AP Fonden Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Forsta AP Fonden increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.7% during the third quarter, HoldingsChannel.com reports. The fund owned 157,600 shares of the Wireless communications provider’s stock after buying an additional 9,900 shares during the period. Forsta AP Fonden’s holdings in T-Mobile US were worth $32,522,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. WASHINGTON TRUST Co raised its stake in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. DT Investment Partners LLC raised its position in 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 purchasing an additional 47 shares during the period. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth about $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US in the second quarter valued at about $27,000. Finally, Westside Investment Management Inc. increased its position in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the sale, the director now owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares of the company’s stock, valued at $13,380,222.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 349,261 shares of company stock valued at $69,411,130 over the last quarter. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Down 3.1 %

NASDAQ:TMUS traded down $7.20 during midday trading on Friday, hitting $226.36. 6,478,408 shares of the company were exchanged, compared to its average volume of 4,511,788. T-Mobile US, Inc. has a fifty-two week low of $138.42 and a fifty-two week high of $234.56. The company has a market capitalization of $264.11 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The company has a fifty day simple moving average of $205.53 and a 200 day simple moving average of $184.78.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 9.22 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 32.58%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TMUS. Bank of America raised their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada lifted their target price on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday. Evercore ISI increased their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company raised their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $240.17.

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.