T-Mobile US, Inc. $TMUS Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 21,599 shares of the Wireless communications provider’s stock after acquiring an additional 4,050 shares during the period. E. Ohman J or Asset Management AB’s holdings in T-Mobile US were worth $4,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in T-Mobile US during the 4th quarter valued at about $1,335,918,000. Price T Rowe Associates Inc. MD increased its holdings in shares of T-Mobile US by 30.6% in 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 during the period. Wellington Management Group LLP raised its stake in shares of T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares during the last quarter. Dodge & Cox raised its stake 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 lifted its holdings in shares of T-Mobile US by 81.7% during 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 period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TMUS. Freedom Capital upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada reduced their price target on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Citigroup lifted their price objective on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. TD Cowen upped their price objective on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Arete Research increased their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $260.48.

Insiders Place Their Bets

In related news, COO Jon Freier sold 4,799 shares of the business’s 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 completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. The trade was a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $181.67 on Friday. T-Mobile US, Inc. has a 52-week low of $174.02 and a 52-week high of $261.56. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The stock has a market cap of $196.60 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.06 and a beta of 0.31. The business has a 50-day simple moving average of $189.37 and a 200-day simple moving average of $198.86.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.T-Mobile US’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $2.58 earnings per share. On average, equities analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio is currently 43.40%.

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.