Swedbank AB Purchases 12,411 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Swedbank AB lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 255,044 shares of the Wireless communications provider’s stock after acquiring an additional 12,411 shares during the period. Swedbank AB’s holdings in T-Mobile US were worth $52,631,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in shares of T-Mobile US in the 1st quarter worth approximately $1,908,000. CFO4Life Group LLC bought a new position in T-Mobile US during the 1st quarter valued at approximately $932,000. NewEdge Advisors LLC increased its position in T-Mobile US by 13.6% during the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after buying an additional 25,217 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in T-Mobile US by 26.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after buying an additional 4,253 shares in the last quarter. Finally, Findlay Park Partners LLP increased its position in T-Mobile US by 6.0% during the 1st quarter. Findlay Park Partners LLP now owns 1,882,607 shares of the Wireless communications provider’s stock valued at $307,279,000 after buying an additional 107,100 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 306,492 shares of company stock worth $60,161,906 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMUS. Scotiabank raised their price objective on T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a research report on Thursday, September 19th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Barclays increased their target price on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Tigress Financial increased their target price on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada raised their price target on T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Nineteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $216.36.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $217.03 on Wednesday. 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 market capitalization of $254.33 billion, a P/E ratio of 29.53, a P/E/G ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a 12 month low of $136.85 and a 12 month high of $218.33. The business’s 50-day moving average is $201.50 and its 200 day moving average is $182.09.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.62%. T-Mobile US’s dividend payout ratio is 47.89%.

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.