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

Handelsbanken Fonder AB reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,247 shares of the Wireless communications provider’s stock after selling 9,899 shares during the period. Handelsbanken Fonder AB’s holdings in T-Mobile US were worth $26,013,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TMUS. Financial Counselors Inc. bought a new stake in shares of T-Mobile US in the 3rd quarter valued at $218,000. Caprock Group LLC lifted its position in shares of T-Mobile US by 105.8% during the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after acquiring an additional 11,854 shares during the period. Cerity Partners LLC lifted its position in shares of T-Mobile US by 136.8% during the 4th quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock valued at $10,096,000 after acquiring an additional 36,374 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of T-Mobile US by 11.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 237,481 shares of the Wireless communications provider’s stock valued at $38,075,000 after acquiring an additional 24,412 shares during the period. Finally, STF Management LP lifted its position in shares of T-Mobile US by 150.7% during the 3rd quarter. STF Management LP now owns 19,321 shares of the Wireless communications provider’s stock valued at $2,706,000 after acquiring an additional 11,614 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In other news, insider Callie R. Field sold 5,844 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Teresa Taylor sold 12,022 shares of T-Mobile US stock in a transaction on Monday, February 5th. The shares were sold at an average price of $161.80, for a total value of $1,945,159.60. Following the sale, the director now owns 13,014 shares in the company, valued at $2,105,665.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the sale, the insider now 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 ninety days, insiders have sold 5,811,459 shares of company stock valued at $942,634,782. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TMUS shares. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Tigress Financial boosted their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Oppenheimer restated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a report on Wednesday, April 3rd. KeyCorp lowered their price objective on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Finally, Benchmark restated a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $185.93.

T-Mobile US Price Performance

TMUS opened at $162.36 on Tuesday. The firm has a market cap of $192.70 billion, a P/E ratio of 23.43, a PEG ratio of 0.66 and a beta of 0.49. The firm has a 50-day moving average of $162.30 and a 200 day moving average of $156.54. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64.

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

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is 37.52%.

T-Mobile US 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.