Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in T-Mobile US, Inc. $TMUS

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 52.8% in the first quarter, Holdings Channel.com reports. The fund owned 306,654 shares of the Wireless communications provider’s stock after purchasing an additional 105,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in T-Mobile US were worth $64,407,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in T-Mobile US in the 4th quarter valued at $1,335,918,000. Price T Rowe Associates Inc. MD grew its position in shares of T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after purchasing an additional 6,516,968 shares in the last quarter. Wellington Management Group LLP grew its position in shares of T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after purchasing an additional 4,335,368 shares in the last quarter. Dodge & Cox increased its holdings in shares of T-Mobile US by 65.2% in the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after purchasing an additional 2,442,450 shares during the last quarter. Finally, Viking Global Investors LP increased its holdings in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 2.6%

Shares of TMUS stock opened at $177.52 on Friday. The company has a market cap of $192.11 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The stock’s 50 day simple moving average is $186.32 and its two-hundred day simple moving average is $197.22. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 EPS. Research analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Insiders Place Their Bets

In other news, COO Jon Freier sold 4,799 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TMUS. Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target for the company in a research note on Wednesday, April 8th. Weiss Ratings downgraded T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $260.27.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.