E. Ohman J or Asset Management AB Grows Stake in T-Mobile US, Inc. $TMUS

E. Ohman J or Asset Management AB raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,599 shares of the Wireless communications provider’s stock after purchasing 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.

Several other hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC raised its holdings in shares of T-Mobile US by 3.8% in the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 48 shares in the last quarter. Tevis Investment Management lifted its stake in T-Mobile US by 3.0% in the third quarter. Tevis Investment Management now owns 1,688 shares of the Wireless communications provider’s stock worth $404,000 after acquiring an additional 49 shares during the period. Meeder Asset Management Inc. grew its holdings in T-Mobile US by 16.2% during the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after acquiring an additional 49 shares in the last quarter. Meiji Yasuda Life Insurance Co grew its holdings in T-Mobile US by 0.6% during the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 8,094 shares of the Wireless communications provider’s stock worth $1,938,000 after acquiring an additional 50 shares in the last quarter. Finally, Wellspring Financial Advisors LLC increased its position in T-Mobile US by 4.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock valued at $259,000 after purchasing an additional 52 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida purchased 5,097 shares of the business’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the acquisition, the insider directly owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. The trade was a 12.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.32% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

TMUS opened at $181.67 on Friday. The business’s 50-day moving average is $189.37 and its two-hundred day moving average is $198.86. T-Mobile US, Inc. has a 1 year low of $174.02 and a 1 year high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market capitalization 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.

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

T-Mobile US Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently commented on TMUS. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price objective on the stock in a research note on Wednesday, April 8th. Morgan Stanley assumed coverage on shares of T-Mobile US in a research note on Thursday, April 16th. They set an “overweight” rating and a $260.00 price objective on the stock. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, TD Cowen boosted their price objective on shares of T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $260.48.

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.