Nordea Investment Management AB Purchases 73,508 Shares of T-Mobile US, Inc. $TMUS

Nordea Investment Management AB increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,034,292 shares of the Wireless communications provider’s stock after purchasing an additional 73,508 shares during the period. Nordea Investment Management AB’s holdings in T-Mobile US were worth $413,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of T-Mobile US by 4.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock valued at $107,884,000 after acquiring an additional 19,486 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in T-Mobile US by 7.8% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock worth $49,014,000 after purchasing an additional 14,800 shares during the last quarter. Varma Mutual Pension Insurance Co increased its position in T-Mobile US by 8.8% in the third quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock worth $19,849,000 after purchasing an additional 6,700 shares during the last quarter. CI Investments Inc. raised its stake in T-Mobile US by 37.8% during the third quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock valued at $18,583,000 after purchasing an additional 21,307 shares in the last quarter. Finally, Longbow Finance SA raised its stake in T-Mobile US by 22.2% during the third quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock valued at $7,648,000 after purchasing an additional 5,805 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity

In other T-Mobile US news, insider Mark Wolfe Nelson sold 10,240 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total value of $2,260,992.00. Following the completion of the sale, the insider owned 74,280 shares of the company’s stock, valued at $16,401,024. This trade represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total value of $119,663,500.00. Following the transaction, the director owned 891,204 shares of the company’s stock, valued at $193,899,254.28. This trade represents a 38.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 694,134 shares of company stock worth $150,847,799 in the last 90 days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 0.9%

NASDAQ TMUS opened at $208.47 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The firm has a market capitalization of $229.70 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.36 and a beta of 0.43. The company has a fifty day moving average of $205.25 and a two-hundred day moving average of $213.02.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. T-Mobile US’s payout ratio is currently 42.02%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Argus dropped their price objective on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Wolfe Research restated an “outperform” rating and set a $255.00 target price on shares of T-Mobile US in a research report on Thursday, February 12th. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target for the company in a report on Thursday, February 19th. Scotiabank dropped their price target on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $257.30.

T-Mobile US 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.