KLP Kapitalforvaltning AS Boosts Stock Holdings in T-Mobile US, Inc. $TMUS

KLP Kapitalforvaltning AS grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 274,373 shares of the Wireless communications provider’s stock after buying an additional 3,600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in T-Mobile US were worth $65,372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hohimer Wealth Management LLC increased its position in shares of T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after purchasing an additional 41 shares during the last quarter. Journey Strategic Wealth LLC lifted its position in shares of T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 41 shares during the last quarter. Angeles Wealth Management LLC grew its stake in T-Mobile US by 1.2% in the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after purchasing an additional 41 shares in the last quarter. City Holding Co. increased its holdings in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 43 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its stake in T-Mobile US by 26.7% during the first quarter. Bruce G. Allen Investments LLC now owns 209 shares of the Wireless communications provider’s stock valued at $56,000 after buying an additional 44 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $244.98, for a total value of $17,109,403.20. Following the completion of the transaction, the director directly owned 646,683,084 shares of the company’s stock, valued at $158,424,421,918.32. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 2,579,219 shares of company stock worth $621,776,150 in the last three months. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TMUS. Deutsche Bank Aktiengesellschaft lifted their target price on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Wolfe Research decreased their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. KeyCorp restated an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $264.29.

T-Mobile US Stock Down 2.3%

T-Mobile US stock opened at $224.96 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a one year low of $207.40 and a one year high of $276.49. The company has a 50-day simple moving average of $244.30 and a 200-day simple moving average of $243.68. The firm has a market capitalization of $253.17 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.27 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the business posted $2.49 EPS. T-Mobile US’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s payout ratio is presently 38.49%.

T-Mobile US 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.