Forsta AP Fonden Raises Stock Position in T-Mobile US, Inc. $TMUS

Forsta AP Fonden increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,400 shares of the Wireless communications provider’s stock after acquiring an additional 1,300 shares during the period. Forsta AP Fonden’s holdings in T-Mobile US were worth $36,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TMUS. Nuveen LLC bought a new stake in T-Mobile US during the first quarter valued at $618,248,000. Assenagon Asset Management S.A. boosted its position in shares of T-Mobile US by 518.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after acquiring an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after purchasing an additional 844,932 shares during the last quarter. Finally, Amundi increased its position in shares of T-Mobile US by 34.4% in the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock worth $851,066,000 after purchasing an additional 813,331 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of T-Mobile US in a research note on Wednesday, October 8th. Zacks Research cut T-Mobile US from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Barclays dropped their price target on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Finally, Williams Trading set a $263.00 target price on T-Mobile US in a research note on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $266.83.

T-Mobile US Price Performance

TMUS stock opened at $211.98 on Wednesday. T-Mobile US, Inc. has a 12-month low of $199.41 and a 12-month high of $276.49. The stock has a market capitalization of $237.10 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.51 and a beta of 0.57. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm’s 50-day moving average price is $228.69 and its two-hundred day moving average price is $236.35.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $2.61 EPS. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is presently 39.23%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 2,043,381 shares of company stock valued at $489,095,047. 0.37% of the stock is currently owned by corporate insiders.

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.