Danica Pension Livsforsikringsaktieselskab Invests $2.03 Million in T-Mobile US, Inc. $TMUS

Danica Pension Livsforsikringsaktieselskab acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,110 shares of the Wireless communications provider’s stock, valued at approximately $2,031,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Danske Bank A S bought a new stake in T-Mobile US during the second quarter worth about $90,510,000. Diversify Advisory Services LLC acquired a new position in T-Mobile US during the second quarter valued at approximately $3,769,000. Wealthfront Advisers LLC bought a new position in T-Mobile US in the second quarter valued at approximately $13,837,000. Ontario Teachers Pension Plan Board bought a new position in T-Mobile US in the second quarter valued at approximately $43,885,000. Finally, First National Bank of Omaha acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $2,392,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of analyst reports. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Morgan Stanley lowered their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. TD Cowen dropped their price target on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, UBS Group cut their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $182.75 on Wednesday. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56. The firm has a market cap of $196.03 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.03 and a beta of 0.33. The firm’s 50-day simple moving average is $181.70 and its 200 day simple moving average is $194.22. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.84 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is presently 42.72%.

Insider Buying and Selling at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

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.