Swedbank AB Has $73.05 Million Stock Position in T-Mobile US, Inc. $TMUS

Swedbank AB grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,890 shares of the Wireless communications provider’s stock after acquiring an additional 2,741 shares during the quarter. Swedbank AB’s holdings in T-Mobile US were worth $73,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Focus Partners Wealth lifted its position in shares of T-Mobile US by 7.4% during the 4th quarter. Focus Partners Wealth now owns 11,785 shares of the Wireless communications provider’s stock valued at $2,635,000 after buying an additional 808 shares during the last quarter. Raiffeisen Bank International AG bought a new position in T-Mobile US in the 4th quarter worth about $2,027,000. Rafferty Asset Management LLC increased its stake in T-Mobile US by 4.1% in the 4th quarter. Rafferty Asset Management LLC now owns 100,635 shares of the Wireless communications provider’s stock worth $22,213,000 after acquiring an additional 3,961 shares during the last quarter. Sora Investors LLC bought a new position in T-Mobile US in the 4th quarter worth about $9,867,000. Finally, Sig Brokerage LP bought a new position in T-Mobile US in the 4th quarter worth about $2,994,000. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company’s stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 2,627,930 shares of company stock worth $628,713,068 over the last three months. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. increased their target price on T-Mobile US from $270.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. KeyCorp reiterated an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Finally, Morgan Stanley raised their target price on T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.02.

T-Mobile US Stock Up 0.1%

TMUS opened at $241.72 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1-year low of $195.47 and a 1-year high of $276.49. The company has a market capitalization of $272.04 billion, a PE ratio of 22.80, a PEG ratio of 1.32 and a beta of 0.61. The firm’s 50 day simple moving average is $243.25 and its two-hundred day simple moving average is $246.75.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

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.