T-Mobile US, Inc. $TMUS Stock Position Increased by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 33.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,134 shares of the Wireless communications provider’s stock after purchasing an additional 4,024 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in T-Mobile US were worth $2,631,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in T-Mobile US during the 2nd quarter worth approximately $6,625,275,000. Bank of New York Mellon Corp purchased a new stake in T-Mobile US in the second quarter valued at approximately $839,194,000. Bank of America Corp DE acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of T-Mobile US by 1.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock valued at $683,731,000 after acquiring an additional 43,783 shares during the period. Finally, Amundi grew its position in shares of T-Mobile US by 2.6% during the second quarter. Amundi now owns 3,775,445 shares of the Wireless communications provider’s stock worth $633,255,000 after acquiring an additional 95,650 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on TMUS. KeyCorp cut their target price on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Wells Fargo & Company decreased their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. Wolfe Research downgraded shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a research report on Friday, August 14th. Raymond James Financial upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Monday, October 12th. Finally, Royal Bank Of Canada reduced their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.13.

Insider Transactions at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the transaction, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

TMUS traded down $1.08 during trading on Friday, hitting $169.95. The stock had a trading volume of 3,168,937 shares, compared to its average volume of 6,609,598. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. The firm has a market capitalization of $180.02 billion, a P/E ratio of 16.40, a PEG ratio of 0.99 and a beta of 0.40. The company’s 50-day moving average price is $163.59 and its 200 day moving average price is $185.80. T-Mobile US, Inc. has a twelve month low of $143.75 and a twelve month high of $224.75.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the firm earned $2.41 EPS. T-Mobile US’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US, Inc. will post 11.50 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. T-Mobile US’s dividend payout ratio (DPR) is presently 45.17%.

T-Mobile US Company Profile

T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.