288,873 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 288,873 shares of the Wireless communications provider’s stock, valued at approximately $63,763,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AXQ Capital LP acquired a new stake in T-Mobile US during the 4th quarter worth $1,350,000. Forefront Wealth Management Inc. purchased a new position in T-Mobile US during the 4th quarter worth $2,540,000. American Century Companies Inc. grew its position in T-Mobile US by 5.4% during the 4th quarter. American Century Companies Inc. now owns 361,889 shares of the Wireless communications provider’s stock worth $79,880,000 after purchasing an additional 18,497 shares during the last quarter. Vestor Capital LLC grew its position in T-Mobile US by 3,403.2% during the 4th quarter. Vestor Capital LLC now owns 15,134 shares of the Wireless communications provider’s stock worth $3,341,000 after purchasing an additional 14,702 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of T-Mobile US by 45.4% in the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider’s stock valued at $10,197,000 after acquiring an additional 14,418 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on TMUS shares. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Barclays boosted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $255.80.

T-Mobile US Price Performance

Shares of TMUS stock opened at $255.84 on Friday. The company has a market capitalization of $292.10 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The firm has a fifty day simple moving average of $248.19 and a 200-day simple moving average of $230.36. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.38%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Company 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.